News

Royal Bank of Scotland has unveiled sweeping structural reforms to separate its retail operations from riskier parts of its business. The overhaul is also set to confine its RBS retail brand to Scotland.

Andrew Tyrie Andrew Tyrie MP, the chair of the House of Commons treasury committee, has called on the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to address persistent failings of IT systems throughout the banking sector.

Judith Howson By Judith Howson, business recovery manager at French Duncan

Construction of a new wind turbine which will be entirely owned by the local community of Huntly, is now underway after receiving a £2 million support package from Clydesdale Bank.

Mark Stewart By Mark Stewart - Corporate Finance Partner at Johnston Carmichael

Almost half of working-age Scots have less than £100 saved, according to new research showing that millions of working-age people across the UK are at financial risk due to their low levels of savings.

Almost 12,500 new homes were registered to be built in the UK in August according to the National House Building Council’s latest registration statistics, an increase of 20 per cent compared to the same month last year.

Still 73 per cent state-owned Royal Bank of Scotland has run up a legal bill of over £100 million in its attempt to defend itself against claims that it misled investors ahead of the its record £45 billion government bailout in 2008.

Mark Carney Scotland’s North Sea oil and gas businesses may still face stormy waters ahead despite an “impressive” reaction to a prolonged period of record low global oil prices, the governor of the Bank of England has warned.

Graeme Finnie welcomes Iain Walker to French Duncan Scottish accountancy firm French Duncan has added to its corporate advisory team with the appointment of a new senior manager.

The Office for National Statistics (ONS) has today reclassified registered providers of social housing in Scotland as public non-financial corporations.

Professor Graeme Roy The Scottish economy demonstrated resilience over the summer fuelled by a boost in tourism while Scottish firms achieved modest overall growth in business volumes, according to the latest Royal Bank of Scotland Business Monitor.

Paul McGettrick Grant Thornton has appointed a new associate director in its Scottish practice as it eyes further growth in the central belt.

Scottish legal heavyweights MacRoberts and Morton Fraser are in late stage merger talks, according to reports. A merger would establish a new firm with a turnover of £38 million, making it the sixth largest by revenue in Scotland.