1. FirstRand Engages BofA, RMB Advisers for Aldermore Divestiture as South African Lender Exits UK Market
FirstRand Ltd. has retained Bank of America Corp. and its in-house investment banking arm, Rand Merchant Bank, as financial advisers to orchestrate the potential sale of Aldermore Group, a UK-based challenger bank, according to a spokesperson for the South African lender. The mandate signals a definitive push by FirstR...