1.0Citi 97.3 FM - Relevant Radio. Alwayshttps://citifmonline.comKojo Akoto Boatenghttps://citifmonline.com/author/kojo/rich600338<blockquote class="wp-embedded-content" data-secret="74d5ZTG97n"><a href="https://citifmonline.com/2017/08/ut-capital-bank-collapse-we-had-no-choice-bog/">UT, Capital Bank collapse: We had no choice – BoG</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://citifmonline.com/2017/08/ut-capital-bank-collapse-we-had-no-choice-bog/embed/#?secret=74d5ZTG97n" width="600" height="338" title="“UT, Capital Bank collapse: We had no choice – BoG” — Citi 97.3 FM - Relevant Radio. Always" data-secret="74d5ZTG97n" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=new RegExp("^https?:$","i"),l=0;l<n.length;l++)n[l].style.display="none";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=d.createElement("a"),a=d.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> The Bank of Ghana (BoG) was left with no choice but to revoke the licence of UT Bank and Capital Bank, which were “deeply insolvent.” The two bank’s liabilities overwhelmed their assets and the BoG deemed a Purchase and Assumption transaction as the least costly method of dealing with the collapses. [contextly_sidebar id=”TwArHofprmshWEOy2RXNyAEYYMgw1CU4″]The collapsed banks […]http://citifmonline.com/wp-content/uploads/2017/08/49e4a3ec-f5f4-423e-9d58-18bf511c8811-e1502709952759-1024x599.jpg