Banking

Lilongwe National Bank resume services after fire

National Bank Lilongwe Service centre customers were on Wednesday inconvenienced as the branch closed prematurely following a fire which broke inside the bank. According to a source, customers who went to transact with the bank in the morning found it closed with no explanation given. Later on, there was a heavy police presence followed by the arrival of a fire brigade at the bank, leaving...

Banking Mistakes That Can Cause You Trouble

There are certain banking mistakes that can land you in serious trouble if you make them. These are some of those mistakes. Consumers are often warned not to waste money for good and obvious reasons – you will have less of it. But it can’t hurt to occasionally remind yourself that banking or financial errors can also cost you peace of mind and even your...

Kenyan university student attempts to commit suicide inside banking hall

A university student is being held by police for attempting to commit suicide inside a bank where he is working as an intern. The 23-year-old University of Nairobi engineering student is said to have tried to take his life by setting his work station ablaze inside the banking hall on Monday morning. The student, who works as a teller, is reported to have poured petrol on...

Standard Bank Fire 10 Branch Managers

Standard bank head of marketing and communications, Thoko Unyolo has confirmed the sacking of 10 Standard bank`s branch managers following their failure to meet prescribed targets on Know Your Customers (KYC) guidelines. Some of the big standard bank branches affected are Blantyre branch, Ginnery corner, Lilongwe, Mzuzu and Zomba among others. “Standard bank Malawi has adhered and followed our internal human capital requirements and there is...

Police on Hunt for Mzuzu Bank Robbers, K2.5 Million Missing

Robbers who broke into FDH bank on Monday in Mzuzu are on the wanted list by Malawi Police. The incident happened within the wee hours of Monday and claimed money amounting to K2.5 million wiped out from the ATM. Police station manager in Rumphi, Charles Mpezeni said the thieves seized the watchman and tied him up then broke and poured water on computers as a plan...

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