Banking

Virgin Money's pretax profit for the six months to 31 March 2023 dropped 25% to £236 million, exceeding analysts' estimates of £226m.

Lloyds Banking Group has reported a pretax profit of £2.3 billion for Q1 2023, surpassing analyst expectations and marking a significant increase from the £1.5bn in Q1 2022.

Natwest Group has reported a Q1 pretax operating profit of £1.8 billion, significantly surpassing analysts' expectations of £1.6bn and marking a more than 50% increase from the £1.2bn recorded during the same period last year.

Edinburgh-headquartered private bank Hampden & Co has appointed Mark Plummer as Head of Private Banking for its London office. One of the most experienced professionals in UK private banking, Mark began his career at Coutts, spending 12 years there before spending a further 13 years at C. Hoare

The Scottish Building Society has reaffirmed its commitment to Scotland's high streets by unveiling its revamped Galashiels relationship centre on Bank Street, part of a nationwide investment in its physical branches. CEO Paul Denton joined staff and local members in celebrating the refurbishment, w

Over 8,000 Royal Bank of Scotland bank staff could lose tens of thousands of pounds in inflation-secured pension payments due to what has been labelled an executive 'error'.

According to the latest Royal Bank of Scotland PMI data, the Scottish private sector saw a second successive monthly rise in business activity, with underlying data showing quicker growth across both the manufacturing and service sectors.

Carlos Abarca, former chief information officer (CIO) at TSB Bank, has been personally fined £81,620 in an unusual move by the Bank of England's Prudential Regulation Authority (PRA) for inadequately managing an IT migration that led to massive disruptions for millions of customers.

Governor Andrew Bailey has revealed that the Bank of England is contemplating reforms to the UK's bank deposit insurance guarantee scheme, which may result in increased protection for customers.

Hampden & Co delivered its first full year profit in 2022, driven by strong income growth and client service. Total income for the year was £23 million, up 73% year-on-year, with the bank posting a pre-tax profit of £2.0m. Post-tax, reflecting a deferred tax credit, the bank achieved

The Bank of England's governor, Andrew Bailey, has downplayed the possibility of an impending financial crisis, characterising the recent sell-off of European bank stocks as investors "evaluating" lenders and asserted that the global financial landscape is not in the same position as before the 200

Unite the Union has revealed that the UK's four big banks, how banks have already made billions in extra profit from interest rate rises.

Unity Trust Bank has announced its annual results for 2022, with nearly half (43%) of new lending being made to organisations based in areas of high deprivation. The financial strength of Unity was illustrated during 2022 with a further increase in lending, profitability and customers.

Edinburgh-headquartered private bank Hampden & Co has appointed John Glanville as a banking director in its London office. He will report to Mark Prentice, head of banking, and will work alongside the banking teams in Edinburgh and London.

HSBC's UK ring-fenced subsidiary, HSBC UK Bank plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for £1 after the bank's US parent company collapsed on Friday.