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Lawsuits for failed banks executives
THE Deposit Protection Corporation (DPC) has sued directors of four failed banks for lack of corporate governance and abuse of depositors' funds.Last year, the deposit protection entity said t...Published: 25 Jun 2018 at 07:27hrs | | by Staff rpeorter
Failed banks haunt directors
THE Deposit Protection Corporation says there are sufficient legal instruments to facilitate successful prosecution of directors of failed banks for their roles in causing collapse of the institutions...Published: 19 Nov 2017 at 08:37hrs | | by Staff reporter
Jeff Mzwimbi's property auctioned
DEFUNCT Royal Bank director, Jeffrey Mzwimbi's property yesterday went under the hammer at a public auction after he failed to settle an unspecified debt to Stanley Williams Flowers and Suzanne Fl...Published: 10 Nov 2016 at 05:05hrs | | by Staff reporter
Royal Bank directors must be arrested
Royal Bank creditors and depositors have authorised the bank's liquidator to institute legal proceedings against former directors for abusing depositors' funds. This came after the liquid...Published: 25 Mar 2015 at 17:53hrs | | by Staff reporter
Another Zimbabwean bank falls
ROYAL Bank has surrendered its licence amid revelations that the bank has been involved in serious abuse of depositors' funds and is burdened by non-performing insider loans among a cocktail of operat...Published: 28 Jul 2012 at 04:56hrs | | by Business reporter
Kenyan bank to Royal bank stake
KENYA-based financial services group Commercial Bank of Africa is set to acquire a 49 percent stake in Royal Bank, which will enable it to meet the minimum capital requirements set by the Reserve Bank...Published: 27 Mar 2012 at 05:44hrs | | by Business Reporter
Royal Bank of Zimbabwe Reopens Six Years After Being Closed
Royal Bank of Zimbabwe Ltd. reopened yesterday after a six-year closure, Newsday reported, citing Chief Executive Officer Jeff Mzwimbi.The closely held lender was close...Published: 22 Feb 2011 at 05:39hrs | | by Byo24News
Royal Bank set to bounce back
ROYAL Bank says it will be ready to resume operations by the end of this month and intends to roll out 12 branches countrywide in a fortnight next month. Founding director Mr Jeffrey Mzwimb...Published: 17 Dec 2010 at 01:00hrs | | by Byo24
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