FirstRand to Exit UK as Car-Loan Bill Hit £750 Million

FirstRand Ltd. plans to exit its UK motor-finance business after saying it will raise a provision to cover compensation for clients over claims they were missold car loans in the...

By Adelaide Changole · Bloomberg Markets

FirstRand Ltd. plans to exit its UK motor-finance business after saying it will raise a provision to cover compensation for clients over claims they were missold car loans in the UK to £750 million ($994 million).