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Chase Bank future dims as another suitor exits

A customer withdraws cash from a Chase Bank ATM after the lender’s re-opening in April 2016. [File, Standard]

French bank Societe Generale has been given approval to operate a representative office in Kenya in a move that could signal tough times for Chase Bank.

The deep-pocketed lender was the leading investor pipped to acquire Chase Bank, which has been in receivership since April 2016.

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