Banking

The UK Government’s trading plan to sell part of its shareholding in Royal Bank of Scotland owner NatWest has been extended for another 12 months. A trading plan involves selling shares in the market through an appointed broker in an orderly way at market prices over the duration of the plan.

Barclays has agreed a £3 million credit facility with Loretto, Scotland’s oldest boarding school, to accelerate its long-term strategic growth plans.

Boutique hotel brand Resident Hotels has secured a £22 million loan with NatWest for the development of its first Edinburgh location.

Santander UK and the Dedicated Card and Payment Crime Unit (DCPCU) are running a series of webinars designed to help protect UK businesses against scams and fraud. The DCPCU is a national police unit formed in partnership between UK Finance, the City of London Police, Metropolitan Police and Home Of

The Bank of England has announced that it will withdraw its mortgage stress test from the start of August this year. In March, the bank's Financial Policy Committee proposed withdrawing affordability rules that were put together after the financial crisis and require banks to check whether borrowers

Nationwide Building Society has increased the interest rate on its FlexDirect current account to a "market-leading" 5%. The 5% AER rate (4.89 gross) will be available for new applications opened from 21 June on balances up to £1,500 for the first 12 months. Those switching their current accoun

M&D Green Group, an independent, family-owned Glasgow-based pharmacy group has secured eight-figure funding from HSBC UK to support its ambitious acquisition strategy. The Glasgow-headquartered group has secured an eight-figure credit facility from HSBC UK to enable the business to make five str

The Bank of England (BoE) has raised interest rates again, from 1% to 1.25%, as it attempts to fight rising inflation. The bank’s Monetary Policy Committee (MPC) by a majority of 6-3, voted to increase the bank rate by 0.25 percentage points.

Fashion-conscious individuals should be on the lookout for fake adverts claiming to offer designer trainers, with a surge in scams cases reported so far this year, according to Bank of Scotland owner Lloyds Bank.

Revolut, the global financial super app with more than 18 million customers worldwide, has announced a streamlined version of the Revolut app will be available in five new countries in the next couple of months. Customers in the additional countries can transfer money to 50+ countries quickly, bring

Bank of Scotland owner Lloyds Banking Group is close to agreeing a compensation deal for victims of the Reading HBOS scandal. After mounting pressure from small business representatives and the Financial Conduct Authority, it has been reported that the banking giant has agreed to offer victims of th

Clydesdale Bank owner Virgin Money is to cut loan approvals from five days to twenty minutes thanks to its new three-year deal with fintech Trade Ledger.

The latest Royal Bank of Scotland PMI data indicated a softer expansion of private sector output across Scotland in May, with the seasonally adjusted headline Royal Bank of Scotland Business Activity Index falling from 58.9 in April to a three-month low of 55.9 in May. Slower increases in output wer

The Cumberland Building Society is embarking on major investment as it promises to offer banking services that are "kinder to people and planet". The pledge comes in its annual report, published today, which underlines its position as the region's leading mortgage and savings provider.

Business confidence in Scotland rose 14 points during May to 42%, the highest reading since June 2021, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down three point