How Paul Russo saved Chase Bank from sure death when it reopened for business

Standard Group Chief of Staff Laban Cliff (right) poses for a photo with the new Kenya Commercial Bank CEO Paul Russo. [File, Standard]

The closure of Chase Bank on April 7, 2016 caught thousands by surprise and shook an already reeling banking sector.

Rumours of financial trouble hit a crescendo on social media after the bank restated its results, showing it had under-reported loans to directors and employees.