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Capital Bank was declared insolvent by BoG in August 2017. Its liabilities greatly exceeded its assets. [25] According to the financial analyst, Sydney Casely-Hayford, noncollectable debts of GH₵11 billion owed to Capital Bank and UT Bank resulted in the collapse of the banks. [26]
Capital Bank (previously First Capital Plus Bank) was an indigenous private national development and commercial Ghanaian bank. [2] It was one of the private national development and commercial banks licensed by Bank of Ghana , the national banking regulator.
The Bank of Ghana has revoked the Licences of UT Bank Ltd and Capital Bank Ltd. This action has become necessary due to severe impairment of their capital. The remaining assets and liabilities will be realised and settled respectively through a receivership process to be undertaken by Messers Vish Ashiagbor and Eric Nana Nipah of ...
Regulators are also currently considering new rules that would make capital demands on regional banks even stricter. Some regional banks, as a result, are trying to get smaller by shedding loans ...
Agency officials said the eight largest banks that have huge trading desks and coast-to-coast franchises, such as JPMorgan and Bank of America, will see capital requirements rise by 19% on average.
Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential antitrust violations, Bloomberg reports.
[15] [17] [18] The collapses of First Republic Bank, Silicon Valley Bank and Signature Bank were the second-, third- and fourth-largest bank failures in the history of the United States, respectively, smaller only than the collapse of Washington Mutual during the 2007–2008 financial crisis.
Experts say the collapse of Silicon Valley Bank (SVB) and Signature Bank is a crisis for all banks. But Black- and community-owned banks often bear the brunt of such failures. “I don't think ...