Banking

The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have fined TSB Bank (TSB) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank’s IT upgrade programme. Technical

Lloyds Bank has appointed Jamie Kemp to the role of invoice finance area director for Scotland and the North East, as it strengthens its support for businesses across the region. Mr Kemp has over 11 years of experience in the finance sector, with experiencing spanning across retail, private and comm

Six-in-10 adults in Scotland are finding keeping up with repayment of bills and credit commitments (including interest payments) a financial burden, according to new datafrom TSB.

Barclays Eagle Labs and AccelerateHER have announced a new partnership aimed at bringing more women into entrepreneurship and levelling the playing field for female-founded businesses. The two organisations will work closely together to deliver the Barclays Eagle Labs Female Founder Accelerator Prog

The Financial Conduct Authority (FCA) has fined Metro Bank PLC £10 million for breaching the listing rules by publishing incorrect information to investors.

Despite high inflation, rising energy prices and a tighter labour market, 33% of firms in Scotland expect this Christmas trading period to be merry and bright compared to last year, according to the latest insight from the Lloyds Bank Business Barometer.

Clydesdale Bank owner Virgin Money has posted annual results showing a pre-tax profit of £595 million and announced a boost to staff wages. The pay hike was announced internally earlier this month and will see the majority of the bank's 7,500 staff receive between 9% and 11% extra in total ove

At the UK level, a fall in permanent staff hires was also noted, with the rate of decline similar to that seen in Scotland. Hiring activity across Scotland fell into decline during October, with both permanent staff appointments and temporary billings contracting, according to the latest Royal Bank

Santander has announced it will start capping bank transfers to crypto exchanges starting this month. Following warnings from the Financial Conduct Authority (FCA) on the risks of investing in cryptoassets, the bank has been gradually taking more steps to reduce the risk to consumers falling prey to

Keane Premier Group, the Lanarkshire-based care provider, has expanded its portfolio by completing the purchase of Kingsgate Care Home, after receiving a loan from Barclays of £1.2 million. The funding from Barclays will support the acquisition of the 60-bed care home, based in South Lanarkshi

Bank of Scotland owner Lloyds has reported a 26% drop in profits in its Q3 results as it braces for more defaults on bad loans. Profits were down to £1.5 billion, lower than the average forecast of £1.8bn as analysts expected a significantly small drop in profits of around 9.5%. However,

New research has revealed that savers in the UK are prioritising short-term flexibility over locking their money away for the long-term, as the cost of living crisis forces people to change how they manage their finances. The study, by digital bank Chase, found that instant access to money without c

HSBC Group reported its 2022 Q3 results and subsequently announced the appointment of Georges Elhedery as group CFO and an executive director of the board as well as the appointment of Greg Guyett as chief executive of global banking and markets (GBM). Mr Guyett's appointment is effective

Scottish challenger bank AlbaCo (Alba) has announced the appointment of seasoned banking and financial services executive, Graeme Jones, who the joins the aspiring bank as its new chair. Mr Jones, a qualified Associate of the Chartered Insurance Institute ACII, brings a wealth of experience to the e

The Financial Conduct Authority (FCA) has decided to fine Barclays a total of £50 million in relation to its failure to disclose certain arrangements agreed with Qatari entities as part of its capital raisings announced on 25 June 2008 and 31 October 2008 after finding conduct in the Octo