Tag: UK banking

FirstRand plans UK exit after $1 billion motor-finance hit
BusinessGlobal News

South Africa’s FirstRand exits UK market after $1 billion setback

FirstRand Ltd., a leading financial services group is preparing to step back from the UK after a sharp rise in compensation costs tied to a motor-finance mis-selling review pushed it to reassess its overseas exposure.  FirstRand is now working with advisers, including Bank of America and its own investment-banking arm, RMB, to explore the potential sale of its UK subsidiary,…

Oluwatosin Alao Oluwatosin Alao
Zenith Bank, Nigeria’s most profitable lender.
BusinessHot News

Nigeria’s Zenith Bank opens new branch in Manchester, expanding UK presence

Zenith Bank deepens UK presence with a Manchester branch aimed at growing cross-border trade and investment flows.

Timilehin Adejumobi Timilehin Adejumobi