Aldermore’s sale interest shows banks are over motor finance

cityam

Sep 17

Aldermore has been put up for sale by Firstrand. Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the ...

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Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the ...</p>\n\n<a href=\"https://www.cityam.com/aldermores-sale-interest-shows-banks-are-over-motor-finance/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aldermore’s sale interest shows banks are over motor finance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAldermore’s sale interest shows banks are over motor finance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-09-17 12:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/aldermores-sale-interest-shows-banks-are-over-motor-finance/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aldermore has been put up for sale by Firstrand.  Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the ...</p>\n\n<a href=\"https://www.cityam.com/aldermores-sale-interest-shows-banks-are-over-motor-finance/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCA","symbol_name":"First Trust China AlphaDEX Fund","start_time":0,"source_url":"https://www.cityam.com/aldermores-sale-interest-shows-banks-are-over-motor-finance/","article_id":"2668956782","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/09/Aldermore-1200x800-1.jpeg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/aldermores-sale-interest-shows-banks-are-over-motor-finance/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2668956782","pubTimestamp":1789619100,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Aldermore has been put up for sale by Firstrand.  Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the runners and riders and what it could do for the market.Has the banking industry finally moved on from motor finance?The number of suiters circling Aldermore suggest as much.After nearly two and a half years of dealing with the car finance headache the banking sector appears ready to park the matter. South African lender Firstrand confirmed earlier this year it would sell its specialist UK bank Aldermore following a hit from the car finance scandal.And the suitors that have emerged since reflect that. Lloyds Banking Group became one of the first names pegged to Aldermore, and is widely seen as a front runner.The firm is well-versed in the headache of the motor finance debacle, having already set aside 2bn in provisions. Inheriting Aldermore’s 17bn loan book will help strengthen its position a","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund"},"translate_title":"奥尔德莫尔的出售兴趣表明银行已经超越了汽车金融","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCA":1},"content_text":"Aldermore has been put up for sale by Firstrand.  Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale. Samuel Norman takes a look at the runners and riders and what it could do for the market.Has the banking industry finally moved on from motor finance? The number of suiters circling Aldermore suggest as much.After nearly two and a half years of dealing with the car finance headache the banking sector appears ready to park the matter. South African lender Firstrand confirmed earlier this year it would sell its specialist UK bank Aldermore following a hit from the car finance scandal.\n\nThe saga has related to the use of hidden commission deals between car dealers and lenders that left consumers in the dark. It has caused some of the top banks in the City to set aside billions in provisions and the Financial Conduct Authority (FCA) expects the overall redress scheme to cost the industry £9.1bn.Aldermore – whose loan book is around 25 per cent car finance – has set aside around £750m.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nYet despite having the motor finance shadow cast over its sale, numerous bidders have emerged from the woodwork. One City source close to the sale said there was a “breadth of interest”.\n\nAnd the suitors that have emerged since reflect that. Lloyds Banking Group became one of the first names pegged to Aldermore, and is widely seen as a front runner.The firm is well-versed in the headache of the motor finance debacle, having already set aside £2bn in provisions. Inheriting Aldermore’s £17bn loan book will help strengthen its position as Britain’s biggest motor finance provider – an area they have shown no interest in backing away from despite the troubles.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}