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Defunct Malawian Bank seeks $552m compensation

A bank that ceased operations more than two decades ago is seeking compensation from Malawi that could approach a 10th of the country’s annual budget, following a court ruling that regulators illegally revoked its licence

First seen · 10:45 AM UTCMay 19, 2026

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Defunct Malawian Bank seeks $552m compensationA bank that ceased operations more than two decades ago is seeking compensation from Malawi that could approach a 10th of the country’s annual budget, following a court ruling that regulators illegally revoked its licence
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