Banks to share customer data - papers 26 July

The Times reports the move is likely to be followed by other clearing banks, in response to criticism from lawmakers in Parliament as to the ease with which consumers can borrow excessively. Data will be shared through the UK’s three main credit reference agencies Equifax, Experian and Creditcall, and will enable banks to better gauge whether money lent will be repaid, HSBC says. THE FSA HAS rejected claims in a tribunal that its enforcement action against Shell for overstating reserves in any way directly implicated former chairman Philip Watts, reports The Daily Telegraph Watts' l...