Chase Bank was yesterday placed under receivership by the Central Bank of Kenya (CBK). This came at the back of rumours of issues at the bank which resulted in a bank run that saw depositors withdraw a reported Ksh. 8 Billion in one day.
Manwa Magoma, in a series of Tweets, has tried to make sense of the whole situation. While his analysis is only based on publicly available information, it is quite illuminating. Read his analysis below.