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Referendum little comfort for Darfur displaced

Sudan / AFP Among the sprawling thatch huts of Darfur’s Zamzam Camp for displaced civilians, there is little feeling a referendum on administrative status might remedy years of suffering caused by the conflict. The vote on whether Sudan’s restive west should unite its five states into a single region has been touted by Khartoum as proof of stability returning to ...

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Banking regulators reject 5 big banks’ living wills

  Bloomberg JPMorgan Chase & Co., Bank of America Corp. and three other major US banks failed to persuade regulators they could go bankrupt without disrupting the financial system and could now face a tighter leash from Washington after government agencies used one of the most significant post-crisis powers bestowed under the Dodd-Frank Act. The banks—also including Wells Fargo & ...

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Kenyan bank group seeks to calm depositors

  Bloomberg The challenges that led to the collapse of Chase Bank Kenya Ltd. are isolated and don’t indicate an unstable lending industry or pose a systemic risk, according to the East African nation’s main banking lobby group. Chase Bank, which was placed under receivership on April 7, was the third small-sized lender in nine months to go into statutory ...

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