Banking

OakNorth Bank has appointed Michael McGregor as director of debt finance at its Glasgow office in a move to boost corporate lending across Scotland. Mr McGregor brings over 12 years of banking and finance experience, most recently serving as relationship director for high-growth businesses at Santan

Weatherbys Private Bank has appointed Hannah Law as a private banker to its Edinburgh office as it continues to attract new Scottish clients. Ms Law joins Weatherbys after having spent the past decade at Citi in London, latterly working for its professional services group advising clients from large

NatWest has banned employees from using WhatsApp and other messaging apps like Skype and Facebook Messenger on work devices.

The Financial Conduct Authority (FCA) has fined Metro Bank PLC (Metro) £16,675,200. The regulator found that, between June 2016 and December 2020, Metro failed to have the right systems and controls to adequately monitor over 60 million transactions, with a value of over £51 billion, for

Coinciding with its announcement of a better-than-expected 10% rise in pre-tax profits to $8.5 billion (c. £6.6bn) during Q3 2024, HSBC's CEO, Georges Elhedery, has dismissed speculation that the bank's recent restructuring signals a potential breakup. The restructuring, announced last week, w

NatWest Group has posted a 26% jump in third-quarter profits to £1.7bn, exceeding expectations and raising its income forecast for the year. This strong performance comes despite a challenging UK economic outlook and follows a trend of positive results from other major UK banks.

Barclays has exceeded profit forecasts for the third quarter of 2024, driven by strong performance in its investment banking division.

Lloyds Banking Group has exceeded profit expectations, reporting pre-tax profits of £1.8 billion for the third quarter.

Handelsbanken has strengthened its position in Edinburgh with a move to new branch premises in the city’s west end. This supports the bank’s continued growth in the city, and follows recent appointments bolstering the team’s presence.

The Financial Conduct Authority (FCA) has fined TSB Bank plc (TSB) £10,910,500 for failing to ensure customers who were in arrears were treated fairly.

Royal Bank of Scotland, part of NatWest Group, has announced a progress update on its ambition to provide £5 billion in new lending to the UK social housing sector, with the bank confirming £2.8bn has already been provided up to 31 August 2024.

Nationwide Building Society has completed its £2.9 billion acquisition of Virgin Money, creating one of the UK's largest banking groups with 24.5 million customers and nearly 700 branches. The deal, approved by Virgin Money shareholders and a specialist court, will see the Virgin Money brand d

The Financial Conduct Authority (FCA) has fined Starling Bank Limited £28,959,426 for financial crime failings related to its financial sanctions screening. It also said Starling repeatedly breached a requirement not to open accounts for high-risk customers.

Revolut, Chase and Modulr are set to join the 159 short-code phone service available to people who are worried about a potential banking scam. 

The Financial Conduct Authority (FCA) has called on banks and other financial institutions to enhance their efforts in aiding individuals struggling to obtain a bank account.