U.S. private credit firm Blue Owl Capital triggered the recent collapse of a UK mortgage lender after discovering irregularities in its financial reporting and demanding repayment, the Financial Times reported. Blue Owl, which manages more than $300bn, has become a focal point for concerns about the private credit sector and its stock has shed more than 40 per cent so far this year. It tipped bridging loan specialist Century Capital Partners into administration last month after discovering the UK group had dismissed a director because of financial discrepancies.

Britain's cross-party Treasury Committee has requested further explanation from Lloyds ‌Banking Group over the causes of a ‌glitch on March 12 that let some customers see other ​users' transactions on the bank's digital channels, Reuters reported. "On the face of it, this is an alarming breach of data confidentiality," committee chair Meg Hillier wrote to ‌Lloyds CEO Charlie ⁠Nunn in a letter dated March 17. Lloyds said at the time that it ⁠was investigating the causes and had swiftly resolved the issue.

A London court blocked a bid by the chief executive officer of collapsed property lender Market Financial Solutions Ltd. to have his preferred officials oversee the insolvency of one of the group’s entities.

PipeHawk plc has disclosed that its subsidiary Adien Ltd has been deemed insolvent by Adien’s board, which has called a general meeting of shareholders to pass a special resolution to wind up the company, TheGlobeandMail.com reported. Adien ceased trading on 9 March 2026, and BTG Begbies Traynor (Central) LLP has been instructed to oversee the liquidation process, marking a significant reduction in PipeHawk’s operating activities and potentially reshaping its subsidiary structure.

Europe’s central bankers will be in a familiar but uncomfortable position when they meet to decide policy Thursday: waiting for the fog of war to clear a little before they can pick out a safe path forward, the Wall Street Journal reported. Policymakers at the European Central Bank, the Bank of England, and their counterparts in Sweden and Switzerland are expected to leave their key interest rates unchanged. As the conflict initiated by the U.S.

A claimant was being fed answers through his smart glasses while giving evidence in the high court in London, a judge has found, The Guardian reported. Laimonas Jakštys was “untruthful in denying his use of the smart glasses” and his witness statements “were clearly prepared by others”, the insolvency judge Raquel Agnello KC ruled. Agnello said that when Jakštys was giving evidence, he paused before replying to questions, as first reported by Legal Futures.

The boss of a collapsed £2bn shadow bank has been accused of using a network of fake companies to steal money from the company’s creditors, The Telegraph reported. Paresh Raja, the founder of Market Financial Solutions (MFS) is alleged to have used eight companies to extract money from creditors on false pretences, a legal filing from a creditor group alleges. The creditors claimed that while the eight were purported by MFS to be “genuine borrowers” they were in fact “closely connected with” MFS.

A British “shadow bank” that collapsed amid fraud allegations had a £1.3bn hole in funds owed to lenders, its creditors have claimed, The Telegraph reported. On Tuesday, creditors claimed in a court filing that Market Financial Solutions (MFS), which borrowed billions to lend out to customers, had a much larger shortfall than originally expected. MFS was placed into administration last month amid what a judge called “very serious” allegations of fraud. The company is accused of double pledging assets to back loans.