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BSA: Strong mortgage lending by mutuals in first half of year

Gross mortgage lending by building societies and other mutual lenders was £3.5 billion in June and £18.0 billion in the first half of the year, up by 28 per cent compared to £14.0 billion in the first half of 2012. This gives mutuals a 24 per cent market share of gross lending in the first half of 2013, up from 21 per cent in the first half of 2012.

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Unite: HSBC/First Direct slashes 2000 jobs

Unite, Britain’s biggest union, has expressed fury over HSBC’s decision to slash over 2000 jobs at the bank. The union has not ruled out balloting it members for industrial action over the company’s behaviour.