Bitcoin continues to surge to record highs, reaching over US$19,000 on Coinbase last week, up from around $1000 at the start of the year. The Wall St Journal reports that "millions of individual Asian investors" are the driving force behind the crypto-currency's growth. Meanwhile, CNBC reports that plenty of US "mom and pop" investors are betting on the currency as well, with securities regulator Joseph Borg saying people are taking out mortgages, and using credit cards and equity lines to buy bitcoin. "You're on this mania curve," Borg said. UK banks will have to tell customers - and prospective customers - about how many operational and security incidents they have been exposed to, how many complaints have been made against them, how long it takes to open an account or replace a lost card and how their helplines are performing, reports Finextra. The tough new disclosure rules have been mandated by the Financial Conduct Authority (FCA) and will be introduced in August next year. The FCA has been concerned for years about the low number of customers who switch banks in the UK, reports the FT. A Competition and Markets Authority survey published last year found just three per cent of UK customers switched banks in the preceding year. "We want to see current account providers competing hard for their customers' business," said the FCA.