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Gross mortgage lending up 5% year-on-year

UK Finance has estimated that gross mortgage lending in September was £21.4 billion, 5% higher than a year ago. Nearly two-thirds of this lending, or £13.7 billion, was carried out by high street banks. The level of credit card borrowing from high street banks, compared to a year earlier, is 5.5% higher. Annual growth across […]

FCA investigating Equifax data hack

The Financial Conduct Authority (FCA) has confirmed that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by Equifax Ltd on the servers of its US parent.  Nicky Morgan MP, chair of the Treasury Committee, said: “Hundreds of thousands of people in the UK have […]