FirstRand agrees to pay some Ansbacher enquiry costs

South African banking group FirstRand says it has agreed to pay a settlement to Irish authorities for a probe into one of its private banking units.

FirstRand Bank Holdings operates regional banks FirstRand Bank and First National Bank in southern Africa, as well as London-based investment bank and brokerage Ansbacher, auto lender WesBank, Rand Merchant Bank, and RMB Private Equity.