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South Africa's FirstRand to exit UK unit after car loan provisions hit $993 million
Tue, 07th Apr 2026 14:54
April 7 (Reuters) - FirstRand will seek an orderly exit from its UK unit Aldermore, the South African financial services group said on Tuesday, citing challenges in the UK market as it also raised provisions for mis-sold UK car loans to 750 million pounds ($993.38 million).
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