Charles Dickens penned his seminal introduction to A Tale of Two Cities almost 170 years ago, and this month it resonated with the fate of two banks.
In a country where the banking sector is defined by extensive regulations and high propensity for profits, and where succession games are scrutinised deeply, the fates of African Bank and Standard Bank represent the great contrasts that Dickens articulated.
African Bank: Maybe not quite the worst of times, butOn Friday 6 March, African Bank suddenly announced that its CEO Kennedy Bungane hadstepped downwith immediate effect.
