Banking

Edinburgh-based private bank Hampden & Co has reported a marked uptick in growth during the first half of 2023, with a 74% year-on-year surge in total income, raking in £15.5 million, and a pre-tax profit of £5m in the same period. This positive momentum is highlighted

There was a fresh expansion in permanent job placements across Scotland at the start of the third quarter, according to the latest Royal Bank of Scotland Report on Jobs survey.

Virgin Money, the owner of Clydesdale Bank, has hailed a strong third quarter this year  with growth in deposits and the banks' target lending segments.

Business confidence in Scotland fell 18 points during July to 32%, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 11 points at 41%. When taken alongside their optimis

In a dramatic fallout following the mishandling of former UKIP leader Nigel Farage's bank accounts, Peter Flavel, the CEO of Coutts private bank, has resigned from his post. The incident, which saw Mr Farage's accounts being closed, has had repercussions extending to the parent company NatWest, caus

Following a tumultuous week that saw two of its chief executives resign, Natwest (NWG) has reported a strong interim performance for the first half of 2023, with total income rising from £6.22 billion to £7.73bn year-on-year, and net interest income increasing to £5.73bn from &pou

For the first half of 2023 TSB has reported a significant rise in pre-tax profits, reaching £147.9 million, a 43.7% increase compared to £102.9m in the first half of 2022. The income increase of 11% to £584.5m is mainly attributed to the higher interest rate environment, somewhat o

Lloyds Banking Group, owner of the Bank of Scotland, has reported a surge in half-year profit despite facing a slowdown in the second quarter due to increased competition for mortgages and savings, as well as higher provisions for bad loans.

Barclays has posted its half-year results, showing a 22% increase in pretax profit to £4.6 billion, for the six months ending 30 June 2023.

Alison Rose, CEO of NatWest, has resigned following a row involving Nigel Farage, the former UK Independence Party leader and current GB News host. The row centred around the decision of Coutts, NatWest's private banking business, to close Mr Farage's account, allegedly due to his political vie

Virgin Money has revealed it will shut six Scottish branches as part of its broader strategy to respond to changes in consumer banking behaviour.

The Royal Bank of Scotland is inviting ambitious entrepreneurs and business owners to apply for a place on its Entrepreneur Accelerator Hub. The bank is currently accepting applications to its fully funded support programme for Scottish businesses looking to scale and succeed.

The Financial Conduct Authority (FCA) has urged banks to improve the savings rates they offer their customers at a faster pace.

At a time when other banks are increasingly prioritising digital banking and closing many of their branches, the Scottish Building Society has opened its new Edinburgh relationship centre reaffirming its commitment to high street banking.

New data from financial mutual Scottish Friendly has revealed the number of newly opened stocks and shares ISA policies dipped -7% in Q1 2023 compared with Q4 2022. Meanwhile, the value of those new policies also dipped -6% over the same period.