Foreign news: Barclays hit with another fraud charge, Airbnb's home loan refi deal
Barclays is facing a further fraud charge from the UK's Serious Fraud Office, the Wall Street Journal reports. The new charge was brought against Barclays' operating company, which holds the lender's banking license, and relates to Barclays' £12 billion emergency fundraising during the crisis of 2008. The most serious aspect of the deal is the bank, in effect, lent its Qatari investors US$3 billion that was used to buy shares in the bank. Barclays denies the charges and intends to fight them in court, as if the bank is found guilty its license could be revoked. In a move intended to bring residential property financing into the gig economy age Airbnb will provide its hosts with a Proof of Income statement that can be included, along with other information, on refinancing applications at three US lenders, Finextra reports. The first financial services players on board are Fannie Mae and three lenders - Quicken Loans, Citizens Bank and Better Mortgage. The Airbnb statement will be accepted as part of documentation by people who want to get lower rates or free up equity.