'Malicious' Twitter Posts Blamed for Fanning Kenyan Bank Run
- Chase Bank placed into receivership after panic withdrawals
- Speculation on health of lender grew as top executives quit
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#KOT, or Kenyans on Twitter, are being blamed for a run on deposits that resulted in Chase Bank Kenya Ltd. being placed under creditor protection by the East African country’s regulators on Thursday.
Central Bank of Kenya Governor Patrick Njoroge said “malicious comments” on social networks including WhatsApp Inc. were part of the reason the lender was placed under receivership.