FirstRand to exit UK motor-finance amid £750M compensation provisionFCA mandates billions in refunds; FirstRand disputes Supreme Court divergenceUK m ...
FirstRand, South Africa’s largest bank by value, will exit the UK after a massive regulatory hit stemming from the industry-wide mis-selling of car finance. The lender said it will unwind its ...
FIRSTRAND LIMITED AND FIRSTRAND BANK LIMITED CREDIT RATINGS UPDATE On 23 April 2026, S&P Global Ratings (S&P) assigned its BB/B long- and short-term resolution counterparty ratings to FRB ...
Hanging on the walls of the offices in Johannesburg occupied by the Institute of Race Relations (IRR) are a few plaques and ...
By Nqobile Dludla JOHANNESBURG, March 30 (Reuters) - South African financial services group FirstRand said on Monday it will restructure its banking arm First National Bank, which will also involve ...
South Africa’s FirstRand is reportedly lining up advisers to oversee a sale of challenger bank Aldermore after expressing outrage at the terms of a compensation scheme for car finance mis-selling.
Morgan Stanley downgraded FirstRand (FANDF) to Equal Weight from Overweight with an unchanged price target of ZAR 8,400. The recent trading update detailed a “solid operational performance,” but UK ...
The Financial Conduct Authority has accused the auto finance industry of poor disclosure of commissions and lender-dealer ties that allegedly drove up car loan rates between 2007 and 2024. The ...
27 Jun 2024 (Johannesburg Stock Exchange) FirstRand Limited has released a voluntary trading update for the twelve months ending June 30, 2024, revealing a stronger operational performance than ...
FirstRand Ltd. has turned more bullish on South Africa’s economy, and now sees a greater chance of economic growth accelerating to 2% and the rand strengthening to below 16 per dollar next year. South ...
FirstRand Ltd.’s profit rose 10% as South Africa’s biggest lender by market value boosted loans in its home market. Net income increased to 20.9 billion rand ($1.14 billion) in the six months through ...
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