'Malicious' Twitter Posts Blamed for Fanning Kenyan Bank RunBy
Chase Bank placed into receivership after panic withdrawals
Speculation on health of lender grew as top executives quit
#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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.