News

The Bank of England is likely to relax affordability checks for first-time buyers following a review of market restrictions, according to reports. The tighter checks were introduced in 2014 as part of a series of measures aimed at preventing a repeat of the global financial crisis.

A £3 million investment by the Scottish National Investment Bank will see 25 high-quality family homes being built in the Nitshill area of Glasgow after the developer was unable to find finance elsewhere. The Station Wynd site, immediately adjacent to Nitshill train station, is a brownfie

Nearly 20,000 small businesses were wiped out in a single year by the Covid-19 pandemic, with the number of businesses in Scotland now at its lowest level since 2014, the Federation of Small Businesses (FSB) has said. With the estimated number of businesses in Scotland as of March 2021 at 344,505, d

Social and Sustainable Capital (SASC) has invested a further £3.5 million in Homes for Good, Scotland's first social enterprise lettings agency.

Commercial Expert Ltd and Royal Bank of Scotland (RBS) have completed a £237,000 commercial mortgage for an experienced guest house owner looking to expand his business and invest in his own property. The deal was introduced to the commercial finance broker’s Scottish representative, Ken

A new women-led business angel investment club and network has launched in Scotland. Mint Ventures, based in Glasgow, said it is close to completing its first investment following its formal launch last week.

Big Four audit firm Deloitte has launched an app and education programme for S1 and S2 pupils with Innovate Finance.

Mental health stigma and discrimination remain an issue in the financial and professional services sector in Scotland, a new report suggests. The new report from Scottish Financial Enterprise Young Professionals in partnership with SAMH and See Me has underlined both the achievements and areas for i

The cases of sub-postmasters in Scotland who may have been wrongly prosecuted by the Post Office over its faulty computer system have been referred for review by the Scottish Criminal Cases Review Commission (SCCRC). The SCCRC announced last year that it was investigating the issue in Scotland. It h

Wall Street bankers have been advised to dress down to avoid being mugged as crime returns to the streets of New York. Bank of America executives have told junior staff that dressing up or wearing the bank's logo could make them a target, the New York Post reports.

abrdn has announced plans to acquire 100% of the subscription-based investment platform Interactive Investor for £1.49 billion. abrdn said that the two firms have a "shared vision" of the growth and development of the wealth market and a "commitment" to being the customer champion.

The 260 partners at accountancy firm BDO have taken home £760,000 each this year. Partners at the firm saw their annual payouts drop to £518,000 in 2020, in the wake of the COVID-19 pandemic.

The UK Government has accepted five recommendations for reform of Capital Gains Tax (CGT) which were suggested by the Office for Tax Simplification (OTS).

The efforts undertaken to tackle fraudulent applications to the Bounce Back Loan scheme have been deemed "inadequate" by the National Audit Office (NAO). According to a new report, 'The Bounce Back Loan Scheme: an update', counter-fraud activity was "implemented too slowly to prevent fraud effective

Nationwide Building Society has appointed Debbie Crosbie as its next chief executive and executive director. The selection process has been led by Kevin Parry, the society's deputy chairman and chairman-elect and follows the announcement in September that after nearly six years in the role, the curr