The Financial Services Authority has banned a London mortgage broker for fraud and fined him £100,000 for falsifying earnings on loan applications. Omotayo Fawole, 44, a director of Oasis Mortgage and Financial Services, exaggerated his own earnings and those of his employee in two mortgage applications, the FSA said. The move is part of a crackdown by the FSA on mortgage brokers. Including Mr Fawole, the FSA has delivered a double penalty of a fine and ban five times in two months against mortgage brokers. Santander stake up Funds controlled by Barclays have increased their holding in Spain's Santander to 3.08pc from 2.85pc. Barclays investment funds bought 14.4m Santander shares up to August 5, an operation that would have cost about €176.8m (£138m), based on Santander's closing price last Tuesday. The acquisition of shares...
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