Banking

Eilidh Mactaggart, chief executive officer, of the Scottish National Investment Bank (SNIB) has resigned. The bank has announced that Sarah Roughead will act as CEO with immediate effect whilst the board initiates a process to find a new, permanent CEO.

The Financial Conduct Authority (FCA) has fined Barclays Bank £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s sole banker in the UK.

Bank of Scotland owner Lloyds Banking Group has posted statutory profits after tax of £5.9 billion in 2021. The group has highlighted a 'solid' net income of £15.8bn, up 9% for the year, with an underlying net interest income of £11.2bn. Underlying other income has also increased b

NatWest Group has reported an operating profit of £4 billion in 2021. This is a substantial increase from the loss of £351 million in 2020. Across the whole banking group, the operating profit reached £4.3bn.

The number of UK sectors reporting output growth rose in January as supply conditions improved, according to the latest Lloyds Bank UK Recovery Tracker. However, businesses continued to face significant cost inflation, which translated into a record uptick in selling prices among service sector firm

The NWH Group, a Dalkeith-based recycling firm, has welcomed a £19 million funding package from the Royal Bank of Scotland, as it underlines its commitment to sustainable operations.

Cynergy Bank has reached a lending milestone having grown to £3bn by continuing to support SME’s, property entrepreneurs and homeowners. The bank reached the milestone figure at the beginning of 2022 against a backdrop of two years of economic uncertainty caused by the pandemic.

Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu; an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances. Revenu allows TSB’s business clients to collect customer payments from req

NatWest has announced a major new partnership intended to further its efforts to help young people to thrive and reach their goals sooner. NatWest and Marcus Rashford are working together to co-create a programme designed to support young people in communities across the UK to learn about and develo

Scotland's private sector saw growth pick up at the start of 2022, according to the latest Royal Bank of Scotland PMI. The seasonally adjusted headline Royal Bank of Scotland Business Activity Index - a measure of combined manufacturing and service sector output - pointed to an eleventh straight mon

The number of people who fell victim to a romance scam increased by more than 16% over the last year, according to new data from Lloyds Bank.

Royal Bank of Scotland, under the NatWest Group, has today announced it is launching green loans, and through Lombard, green asset finance propositions for qualifying SMEs, with no arrangement fee, to help them achieve their sustainability ambitions. Following the announcement of the group’s a

NatWest Group has appointed Raghu Narula as managing director, customer engagement & distribution, within its retail banking division. Mr Narula brings a wealth of leadership experience from a career spanning over 20 years at HSBC in Retail, Wealth Management, Commercial Banking and Strategy and

Royal Bank of Scotland is offering £150 to new and existing customers who switch their main current account. New RBS customers can apply to switch to a Select or Reward account. In addition to Select or Reward accounts, existing customers can also switch to Reward Silver, Reward Platinum or Re

Scottish pharmacy group Rightdose Pharmacy has acquired a new store in Liverpool as part of its UK-wide growth strategy, following a seven-figure funding deal from HSBC UK. The Glasgow-headquartered pharmacy group operates six community pharmacies across Scotland and launched an online service in 20