FirstRand Profit Falls as $1.1 Billion Provision Curbs Gains
FirstRand Ltd. profit fell for the first time in six years after a £807 million ($1.1 billion) provision for UK clients’ claims over missold car loans at its British motor-finance unit countered growth from loans and fee income.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- FirstRand profit falls 5% as R17.64bn provision curbs gains moneyweb.co.za