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Business activity across Scotland's private sector declined at the quickest rate since the survey began in January 1998 during March due to the coronavirus outbreak, according to the latest Royal Bank of Scotland PMI.

Partners at the UK's biggest accountancy firms will have their payouts slashed by hundreds of thousands of pounds this year as the sector prepares to face a huge crash in revenues amid stemming from the coronavirus outbreak. Yesterday, partners at BDO agreed to cut partner pay by up to 25% in a bid

Permanent staff appointments declined at the steepest rate since April 2009 in March, while temp billings fell at the quickest pace on record, as the coronavirus pandemic hit the Scottish jobs market, according to the latest Royal Bank of Scotland report on jobs.

The Prince’s Trust and RBS owner NatWest have announced the launch of a £5 million fund to help young entrepreneurs across the UK to keep their businesses afloat during the coronavirus crisis. The Prince’s Trust and Royal Bank of Scotland Enterprise Relief Fund is available to entr

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

In response to the current coronavirus pandemic plaguing the UK, the Royal Bank of Scotland Group's board of directors has decided to undertake no quarterly or interim dividend payments until the end of 2020. An announcement issued by the bank said that directors will take no quarterly or interim di

Royal Bank of Scotland has today announced a donation-matching programme of up to £5 million for the National Emergencies Trust (NET) coronavirus appeal, aimed at leveraging a further £5m of support from the public. The move will mean that from next Friday, donations to the NET made by R

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl

The Royal Bank of Scotland has converted its Edinburgh headquarters in Gogarburn into a distribution centre to supply food and hygiene products to the Trussell Trust food banks and Social Bite. The Scotsman and Royal Bank of Scotland are issuing a call for businesses to donate any non-perishable foo

The Royal Bank of Scotland issued a letter to MPs yesterday outlining its support for customers during the current COVID-19 lockdown. The measures include fee-free loans and overdrafts. Alongside its £500 million working capital support fund, RBS said that it has launched emergency fee-free lo

Glasgow-based Russell & Russell has become the first accountancy and business advisory firm in Scotland to graduate from the Royal Bank of Scotland’s Accelerator programme for entrepreneurs. Managing director Stuart Clark and director Rosslyn McMaster joined their local Accelerator hub las

The Royal Bank of Scotland has announced that Yasmin Jetha will be appointed as a non-executive director at the group on 1st April 2020 as Alison Davis steps down at the end of March. Ms Jetha will succeed Ms Davis as chairman of the technology and innovation centre and will also become a member of

The Royal Bank of Scotland has received criticism for failing to provide a concrete date for the implementation of Confirmation of Payee (COP) technology, which is designed to prevent one of the most common types of fraud.

Abbiecraig Services in Freuchie, Fife, has enjoyed a successful first six months in business following its refurbishment, which was enabled by a £1.2 million funding package from Royal Bank of Scotland. Husband and wife team, Elaine and Steve Cunningham, used the funding to demolish an existin