Banking

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.

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