Banking

Scotland's banking sector has unveiled a plan to ensure that every resident in Scotland is offered the opportunity to own a basic bank account.

Royal Bank of Scotland-owner NatWest's share price took a sharp dive, marking their most significant drop since the Brexit referendum, following the bank's lowered profit forecast for the year. This decline was further compounded by the release of a highly scrutinised report by Travers Smith law fir

NatWest Group has published the key findings and recommendations from Phase I of the Travers Smith independent review. The review was commissioned by the board in July and covers the decision to close the Coutts accounts of Nigel Farage (Review 1) and the circumstances surrounding a potential breach

The second round of applications to receive funding from the Scottish Building Society Foundation has now closed, with charities across Scotland awaiting to see if they are successful. In the last round of funding, nine successful charities from across Scotland were chosen to receive grants to the c

A new 20-acre solar park has opened in Forfar after securing a funding boost of nearly £2 million from Lombard, significantly boosting green energy production in the local area.

Lloyds Banking Group, owner of Bank of Scotland and Scottish Widows, has reported a surge in its pre-tax profits for the third quarter to £1.86 billion from £576 million in the same period a year ago, a figure slightly surpassing the £1.82bn City analysts had forecasted.

Alba Bank, founded by Scottish entrepreneur Jim McColl, has partnered with ClearBank, the enabler of real-time clearing and embedded banking, to manage payments for its customers. Alba Bank will be leveraging ClearBank and Mambu's partnership to offer near real-time payments to its customer base and

In a bold step to further support underserved SMEs, challenger bank Alba Bank, founded in Glasgow in 2018 by entrepreneur Jim McColl, has partnered with Mambu’s cloud banking platform, aiming to better manage its lending services and both retail and business deposits. By adopting Mambu&rs

Nationwide Building Society has emerged as the top UK bank in terms of branch count amid ongoing closures at other banks. Research from Nationwide reveals around two thirds of people (63%) value their local branch, with face-to-face service given as the top reason. Nationwide recently renewed its br

Lloyds Banking Group has announced the closure of 35 more branches, confirming the termination of face-to-face services in a total of 155 sites by the end of 2023 and an additional 75 in 2024, impacting several areas including Scotland.

Alba Bank – a Scottish challenger bank dedicated to supporting SMEs – has named Robert Sharpe as chair of the board and Andrew Lewis as chief risk officer as it gears up for launch. Moving into his new role as chair, Mr Sharpe brings with him over 45 years’ experience in retail ban

The Financial Conduct Authority (FCA) has initiated an assessment of nine firms, particularly concerning their savings products, in light of mounting concerns over unjust savings deals.

Dame Alison Rose, the former CEO of Natwest, is poised to receive a payout of around £2.4 million, just a month after her controversial resignation from the bank. The departure was precipitated by a contentious incident involving the closure of an account held by Nigel Farage at Coutts, a subs

Scottish agriculture-feed manufacturer, Galloway and MacLeod, has expanded operations to five new overseas markets after receiving operational support from Barclays Corporate Banking.

Unity Trust Bank has reported a record level of lending in its half-year results – exceeding £900 million for the first time in its history and growing 9% from last year.