Banking

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.

Shares in Barclays dropped by 2.4% to 156.5 pence per share after one of the bank's biggest shareholders sold a stake worth around £900 million. The unidentified investor offloaded a stake of about 3.6% within a day of Barclays revealing a multi-billion-pound error that has been labelled by an

Royal Bank of Scotland-owner NatWest Group has announced a £1.2 billion directed buyback of 550 million shares from HM Treasury. The banking giant has agreed with the Treasury to make an off-market purchase of 549,851,147 ordinary shares in the company with a nominal value of £1 each at

JP Morgan's digital arm Chase has launched a new saver account which offers savers a rate of 1.5%.

Royal Bank of Scotland owner NatWest Group has informed its shareholders they will have the opportunity to have a Say on Climate at its AGM next month through the bank’s first climate resolution. The bank is asking its shareholders to give their support to its strategic direction on climate ch

Lloyds Banking Group has announced that it will close a further 60 branches across the UK. The lender said it would close 24 Lloyds Bank branches, 19 Bank of Scotland branches and 17 Halifax branches as customers continue to move towards online and mobile banking.