Union fears ‘bloodbath’ as FBC snaps Stanchart
Published on: Friday 09 June 2023
Both Stanchart and the Zimbabwe Stock Exchange listed FBC did not disclose the value of the transaction. A TRADE union representing 3 500 banking sector workers said yesterday it would have preferred a global bank to take over Standard Chartered Bank (Stanchart)’s Zimbabwean assets, after FBC Holdings (FBC) disclosed it had snapped 100% shareholding in the business. The Zimbabwe Independent reported in January that FBC was among five suitors who...
News source: https://www.msn.com/en-xl/africa/other/union-fears-bloodbath-as-fbc-snaps-stanchart/ar-AA1cmVaL
