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CMA, deposits insurer in bondholders cash limbo

CMA, deposits insurer in bondholders cash limbo
Summary
The capital markets regulator has since 2019 been seeking the support of KDIC and the Central Bank of Kenya (CBK) to amend the deposit protection law to have cash invested in banks by fund managers through instruments like bonds are separated from customer deposits and other bank liabilities.
Monday May 03 2021
By CONSTANT MUNDA
Summary
The capital markets regulator has since 2019 been seeking the support of KDIC and the Central Bank of Kenya (CBK) to amend the deposit protection law to have cash invested in banks by fund managers through instruments like bonds are separated from customer deposits and other bank liabilities. ....

Luke Ombara , Imperial Bank Sh , Kenya Deposit Insurance Corporation , Central Bank , Imperial Bank , Capital Markets Authority , Chase Bank , Chase Bank Sh , Kenya Deposit Insurance Corporation , Ompensation Policy For Bondholders , ஏகாதிபத்தியம் வங்கி ஷ , கேந்ய வைப்பு காப்பீடு நிறுவனம் , மைய வங்கி , ஏகாதிபத்தியம் வங்கி , மூலதனம் சந்தைகள் அதிகாரம் , துரத்து வங்கி , துரத்து வங்கி ஷ ,

Man charged after security guard attacked with broken bottle in Scarborough

TORONTO
Toronto police have charged a 40-year-old man in connection with an alleged attack with a broken bottle that left a security guard significantly scarred in the face.
Police responded to an assault call early on a Saturday morning last November at a residential building in the Lawrence Avenue East and Morningside Avenue area.
At around 5:15 a.m. on Nov. 28, 2020, a group of people were trying to get inside the building, Toronto police said in a news release.
Security guards met the group and told them that they had to contact the resident first in order to gain entry to the building. ....

Lawrence Avenue East , Morningside Avenue , Toronto News Live , Ctv News , Breaking News , Local News , Maple Leafs , Blue Jays , Gas Prices , Richmond Hill , Durham Region , Covid 19 Canada , Covid 19 , Coronavirus Canada , Covid 19 Ontario , Ontario Covid 19 , Doug Ford Announcement , Doug Ford , Covid Ontario , Ontario Covid , Ontario News , Ontario Lockdown , லாரன்ஸ் அவென்யூ கிழக்கு , காலை அவென்யூ , டொராண்டோ செய்தி வாழ , சத்வ செய்தி ,

Man charged after security guard attacked with broken bottle in Scarborough: Toronto police

Man charged after security guard attacked with broken bottle in Scarborough: Toronto police
cp24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cp24.com Daily Mail and Mail on Sunday newspapers.

Lawrence Avenue East , Morningside Avenue , லாரன்ஸ் அவென்யூ கிழக்கு , காலை அவென்யூ ,

Bill ups deposit refund in failed banks to Sh1m

Bill ups deposit refund in failed banks to Sh1m
Wednesday February 10 2021
By OTIATO GUGUYU
Summary
The Treasury is fighting a bid to change the law to allow depositors in collapsed banks receive compensation of up to Sh1 million for each account.
A draft Bill set for debate in Parliament seeks to increase the payout for each account in a fallen bank from the current cap of Sh500,000 per depositor.
The compensation was in July last year increased to Sh500,000 from Sh1 million, marking the first rise in 30 years.
The low compensation had exposed wealthy savers to higher losses in the event of bank closures because the refund was not adjusted to take into account changing economic realities over the three decades. ....

United Arab Emirates , Dubai Bank , Kenya Deposit Insurance Corporation , Central Bank , Imperial Bank , National Treasury , Chase Bank , Kenya Deposit Insurance Act , State Bank , Failed Banks , Attorney General , ஒன்றுபட்டது அரபு அமீரகங்கள் , துபாய் வங்கி , கேந்ய வைப்பு காப்பீடு நிறுவனம் , மைய வங்கி , ஏகாதிபத்தியம் வங்கி , தேசிய கருவூலம் , துரத்து வங்கி , கேந்ய வைப்பு காப்பீடு நாடகம் , நிலை வங்கி , தோல்வி வங்கிகள் , வழக்கறிஞர் ஜநரல் ,

Wealthy Kenyans move cash from small banks' safes

Wealthy Kenyans move cash from small banks’ safes
Tuesday December 22 2020
By PATRICK ALUSHULA
Summary
The Central Bank of Kenya (CBK) data shows that small banks controlled 5.84 per cent of accounts with more than Sh100,000, down from 13.26 per cent in 2017 as depositors sought safety in larger institutions.
The 21 small banks classified by CBK as low-tier had 90,572 quality accounts last year compared to 210,047 in 2017. In contrast, the top nine banks added 461, 555 accounts with more than Sh100,000 between January 2016 and December 2019.
Depositors and investors in Kenya were rattled three years ago when the CBK took control of three mid-sized lenders Chase Bank, Imperial Bank and Dubai Bank after the banks ran into financial trouble. ....

United Arab Emirates , Standard Chartered Bank , Spire Bank , Central Bank , Chase Bank , Kingdom Bank , Cooperative Bank , Kenya Deposit Insurance Corporation , Jamii Bora Bank , National Treasury , Imperial Bank , Wealthy Kenyans , State Bank , Consolidated Bank , ஒன்றுபட்டது அரபு அமீரகங்கள் , தரநிலை பட்டய வங்கி , ஸ்பைர் வங்கி , மைய வங்கி , துரத்து வங்கி , கிஂக்டம் வங்கி , கூட்டுறவு வங்கி , கேந்ய வைப்பு காப்பீடு நிறுவனம் , தேசிய கருவூலம் , ஏகாதிபத்தியம் வங்கி , நிலை வங்கி , தொகுக்கப்பட்டு வங்கி ,