KA-INVESTOR
Cooperative bank has finally sealed the coffin for Bob Mathews Stockbrokers by buying the troubled broker off (was the Ksh.20 million part of the deal or a song buy?). The bank has acquired 60% of the brokerage firm, taking with it the 12,000 accounts and the entire Bob's staff (excluding the owner). The bank now takes over full management control of the brokerage firm and has already rebranded it to ‘Kingdom Securities Limited’. The deal has not yet been approved by CMA and coop bank shareholders.