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CBK talks tough and tells other banks to prep for a major shake-up in the banking sector

06, Apr 2016

Banking sector is gearing itself up for a major shake-up On a day when one of Kenya’s promising banks-Chasebank-announced that its chairman and chief executive officer have resigned, it was clear that the banking sector is gearing itself up for a major shake-up. The events at Chasebank come barley a week after national bank of Kenya board directors suspended it’s CEO as well as five other top managers after the lender posted a 1.2 billion shilling net loss. So what really is happening in the banking sector?