BUSINESS NEWS

Lawsuits for failed banks executives

THE Deposit Protection Corporation (DPC) has sued directors of four failed banks for lack of corporate governance and abuse of depositors' funds.Last year, the deposit protection entity said that it h...

By Staff reporter | Published: 25 June 2018

FINANCIAL SERVICES

DPCZ lists companies with NPLs

THE Directors Protection Council of Zimbabwe (DPCZ) has completed the process of compiling the list of companies with Non-Performing Loans (NPLs) for absorption by the Zimbabwe Asset Management Compan...

By Staff reporter | Published: 24 June 2018

BUSINESS NEWS

Security at DPC tightened after threats

SECURITY has been tightened at the office of the Deposit Protection Corporation (DPC) following threats made against the institution's chief executive John Chikura and his staff.According to a letter ...

By Staff reporter | Published: 08 December 2017

FINANCIAL SERVICES

DPC warns against unregistered lenders

The Deposit Protection Corporation (DPC) has warned the public against depositing cash with unregistered microfinance institutions, saying they risked losing their money to dubious entities.Over 100 ...

By Staff reporter | Published: 03 August 2017

FINANCIAL SERVICES

DPC sues failed banks' executives

THE Deposit Protection Corporation (DPC) has started taking legal action against shareholders and directors of banks whose institutions failed due to poor corporate governance.DPC chief executive offi...

By Staff reporter | Published: 02 August 2017

BUSINESS NEWS

Mobile money insured, says DPC

THE Deposit Protection Corporation says funds in mobile money transactions are covered under the country's regulations allaying fears on the market.In a question and answer session at a DPC workshop l...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

DPC pays 220 Trust depositors

The Deposit Protection Corporation has so far paid 220 Trust Bank Limited (Trust) depositors following closure of the financial institution last December.However, the compensated account holders repre...

By Staff reporter | Published: 28 March 2014
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