Banking

Brown Shipley, the Edinburgh-based private bank, has appointed Mark Flynn as a managing director and head of Scotland. Mr Flynn, who joins the business in June, will focus on leading the next stage of Brown Shipley’s strategy in Scotland. His arrival demonstrates the business’ continued

HSBC has seen its reported profits after tax drop by $1.1 billion to $3.4bn in the first quarter of 2022. The bank's reported profit before tax also plummeted by $1.6bn to $4.2bn. HSBC said that the decrease reflected a net charge for expected credit losses and other credit impairment charges in the

Fife-based International Testing Services (ITS), which specialises in non-destructive testing (NDT) has grown its headcount after winning a significant new international contract, with the support of a £100,000 funding package from Bank of Scotland. ITS has been providing NDT and inspection se

The British Business Bank has appointed a new Scottish representative to its UK Network team, with senior manager Barry McCulloch spearheading the Bank’s presence north of the border. Mr McCulloch takes over from Ian Mitchelmore who is stepping down due to retirement.

Caledonia Housing Association has secured a uniquely structured £75 million Private Placement, with support from NatWest, to further its commitment to both building sustainable housing and becoming a carbon-neutral organisation. Caledonia intends to use the proceeds from the transaction to con

A review by the Financial Conduct Authority (FCA) has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. The watchdog found that in some instances, challenger banks did not have financi

Ryrie’s, one of Edinburgh’s oldest pubs, is going from strength to strength following restoration by new owners, thanks to a funding deal worth £1.6 million from Royal Bank of Scotland. Ryrie’s, originally built in the 1800s as a fuelling station for horse and carts, has had

With impersonation fraud accounting for a third (33%) of TSB fraud cases since the start of the year, TSB has revealed the most impersonated companies behind the attacks, to help households avoid prolific scams as the cost-of-living bites. TSB categorises impersonation fraud as an attack in which a

Edinburgh-based private bank Hampden & Co saw strong growth in loans and deposits for the year to 31 December 2021, driven by a highly competitive and evolving product suite, net client growth across the UK, and increased referrals from professional intermediaries. Deposits from clients rose by

The Royal Bank of Scotland has announced a three-year partnership with The University of Edinburgh Centre for Business, Climate Change and Sustainability. The £1.5 million partnership will facilitate the delivery of a climate education programme to more than 16,000 people across the busin

Following a trial at Southwark Crown Court, Boris Franz Becker was convicted of four counts against the Insolvency Act 1986. Mr Becker will appear for sentencing on 29 April 2022.

Recruiters across Scotland saw another robust uplift in hiring activity in March, according to the latest Royal Bank of Scotland Report on Jobs survey. Panellists noted steep and accelerated increases in both permanent placements and temp billings amid reports of greater market confidence and increa

The Scottish Building Society, the world’s oldest remaining building society, has posted record results for the financial year ended 31 January 2022. Established in 1848, the mutual has seen its balance sheet grow by nearly 40% in the last two years, leading to a pre-tax profit of £2.4 m

Target Healthcare’s growth plans have received a healthy boost via a £20 million funding package from Santander UK. The funding provides the Glasgow-headquartered pharmaceutical manufacturer and supplier with working capital in support of its plans to grow organically and through acquisi

Businesses are being urged to stay vigilant when paying their bills or changing supplier, as new data from Barclays reveals that in the last three months, fraudsters stole the most money from SMEs through invoice scams.