April 9, 2026

FirstRand jacks up UK car loan provision to $993 million, puts Aldermore in play

By Tech Online Things

The financial services group raised its provisions for mis-sold motor loans by ‌510 million pounds ⁠to ⁠750 million pounds ($993.4 million) days after the UK markets regulator finalised the total bill for a mass motorist compensation plan ​at 9.1 billion pounds – one of Britain’s costliest financial scandals.
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