News

Lloyds Banking Group's profits have fallen substantially following a £1.8 billion hit for payment protection insurance (PPI) mis-selling compensation. The bank's total bill for the PPI scandal now stands at almost £22bn.

There has been a surge of interest from South East Asia, particularly from Hong Kong and Singapore, as new and existing investors are purchasing more buy-to-let properties to add to their portfolios, according to research from Grant Property. Despite Brexit scaring some British property investors,

Financial Intermediary & Broker Association (FIBA) partner Fiduciam has expanded into Scotland after enabling the refinancing of a Glasgow care home. The £1.14 million loan facilitated by Fiduciam, which is over a 24-month term, will allow the care home’s owners to refinance their ex

Edinburgh-based Chromacity has appointed chartered accountant Ian Stevens as non-executive chairman. Mr Stevens previously worked for KPMG in Oxford and Prague from 1991 to 1997.

Edinburgh-based fintech company Modulr has announced that it will invest up to £20 million in the Scottish fintech industry. The move comes after the company was awarded £10m from the BRC Capability and Innovation Fund (CIF), designed to drive innovation and boost competition in UK busin

Scotland’s economy would suffer significant damage under the Prime Minister’s Brexit deal, according to Scottish Government analysis.

Police are searching for a man who allegedly attempted to open a bank account with a '$1 million' bill.

Edinburgh private bank Hampden & Co is to acquire a loan book from London-based Smith & Williamson believed to be worth around £35 million.  The portfolio loan book of Smith & Williamson is due to be handed over to Hampden & Co later in 2019.

Murray Estates, part of former Rangers owner Sir David Murray’s Murray Capital, has secured planning approval from North Lanarkshire Council for 638 homes at its Torrance Park site, east of Holytown.

A new international task force run by Glasgow-based Islamic Finance Council UK (UKIFC) is to be created with the support of the UK Government to engage the Islamic finance industry with the UN’s Sustainable Development Goals. The high-level Islamic Finance and Sustainable Development Goals (SG

Standard Life Aberdeen has announced its new parent leave policy which from January 2020 will ensure new parents receive 40 weeks paid leave regardless of gender.

Homes in Glasgow and Edinburgh sell twice as quickly as the average UK city property, according to Zoopla's UK Cities House Price Index for September.

Uber has moved deeper into the financial services industry with the launch of its new Uber Money division .

Nationwide Building Society has announced it will invest in Switchd, a company that automatically switches people’s energy supplier to ensure they are always on the best deal. Unlike many other providers, Switchd searches deals from across the whole market including the big six suppliers

Ambitious new plans to improve visitor facilities on the Isle of Gigha have secured a £135,000 investment from Highlands and Islands Enterprise (HIE). Gigha Trading Limited (GTL), a wholly-owned subsidiary of the Isle of Gigha Heritage Trust (IGTH), is creating a motorhome and campsite ov