Cash crisis

RBZ raises red flag on seven banks

RBZ raises red flag on seven banks

THE Reserve Bank of Zimbabwe (RBZ) has placed seven troubled banks under surveillance amid concerns that the financial institutions could be facing insolvency problems.

Met Bank hit by riots again

Met Bank hit by riots again

Angry Met Bank depositors in Bulawayo on Friday turned violent after the bank failed to pay them, forcing police to intervene.

Police mantain peace at banks

Police mantain peace at banks

POLICE in Bulawayo have deployed details to maintain peace and order at banks around the city among increasing discontent and sporadic outbreaks of violence as clients fail to withdraw their money because most indigenous banks are experiencing a cash shortage.

Cash crisis hits Byo, Hre

Cash crisis hits Byo, Hre

CHAOS erupted at some banks in Bulawayo yesterday as the liquidity crunch continues to suffocate mostly indigenous banks in the festive season rush.

Cash shortages a throwback to dark days

Cash shortages a throwback to dark days

THE CHAOS that gripped Allied Bank and Metropolitan Bank yesterday was a symptom of a serious problem bedevilling the country’s financial sector.

Cash crisis rocks banks

Cash crisis rocks banks

THERE was a stampede in most banks in Bulawayo yesterday as depositors queued to withdraw money, with some banks reported to have run out of cash.

Cash crisis looms

Cash crisis looms

A CASH crisis has hit the country three days after President Robert Mugabe and Zanu PF controversially romped to a disputed landslide victory with banks yesterday reportedly running out of cash.

Our Partners:   NewsDay   The Independent   TheStandard  MyClassifieds