The High Court has ordered Chase Bank to refund one of its borrowers $47,000 (Sh6 million) being excess interest charged on a $2 million loan (Sh258 million) and property valuation charges.

The Kenya Deposit Insurance Corporation (KDIC) has lost an appeal in which it had sought to block three law firms from representing directors and shareholders of collapsed lender Imperial Bank ...

Deposits and interest earned within a CD’s term are protected by the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA) for up to $250,000 per account ...

The Korea Deposit Insurance Corporation announced on the 23rd that it had approved a 30 billion won funding plan for the establishment of a bridge insurer during the deposit insurance committee on ...

In the banking industry, the Kenya Deposit Insurance Corporation operates a fund that pays savers up to KSh 500,000 in the event of a bank failure, and the deposit guarantee fund will replicate this.

Blockchain Deposit Insurance Corporation (BDIC), first to market providing decentralized deposit insurance for cryptocurrency wallets and exchanges, proudly ...

Choice Microfinance Bank, now rebranded as Choice Bank, has launched a pioneering, inclusive, and purpose-driven digital banking model, reaffirming its commitment to transforming financial services in ...

Capital One has agreed to pay $425 million to settle a class-action lawsuit over allegations it withheld higher interest rates from certain savings account customers, according to federal court ...

READ ALSO: 39 richest SACCOs in Kenya by asset base - SASRA report. The Kenya Deposit Insurance Corporation (KDIC) is responsible for protecting deposits in commercial banks and microfinance ...

Look for the logo of the respective insurance programs, or just ask a teller. You also want to avoid depositing too much money. Federal deposit insurance covers a maximum of $250,000 per owner of ...

While banks in Kenya are covered by the Kenya Deposit Insurance Corporation (KDIC), which guarantees deposits for account holders, SACCO deposits do not enjoy the same level of protection. Some SACCOs ...

PALM BEACH, Fla.--(BUSINESS WIRE)--Blockchain Deposit Insurance Corporation (BDIC), the world’s first decentralized cryptocurrency insurer, has announced the launch of its groundbreaking ...