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Scotland’s first bank solely dedicated to small and medium sized business lending, AlbaCo, has been granted a banking licence by the UK Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA). Founded in 2018 with its headquarters in Glasgow, Alba was Authorised with Re

The second in a series of four events dedicated to supporting the FinTech Scotland Research & Innovation Roadmap will take place in Edinburgh this week. The FinTech Research & Innovation Event Series is providing a platform for discussion that will continue to support an industry-led approac

An investigation into the financial wrongdoings at Carillion could still take months to conclude despite making “good progress”, the Financial Reporting Council (FRC) has reported.

58 Waterloo Street Scottish financial management company Cornerstone Asset Management, which operates in Glasgow and Edinburgh, has taken a suite on the first floor of 58 Waterloo Street, becoming one of the first tenants at the landmark office development in Glasgow city centre.

Simon Cavell and Bryan Shepka of Johnston Carmichael look at the evolving landscape of the financial services sector in 2026, highlighting that while themes like AI, M&A, and resilience remain central, the industry’s focus has shifted from cautious experimentation to a demand for tangible

Change management consultancy CBS Consulting has appointed Stuart Pratt, a recognised change specialist within the Scottish financial services sector, as its new consulting director. Joining from Scottish Friendly – where he was head of transformation – Mr Pratt is set to start at the fi

The latest enforcement actions and supervisory publications by the Financial Conduct Authority (FCA) indicate the regulator’s renewed interest in market integrity and its expectations on regulated firms to assist it through clear dialogue and reporting, writes Anthony Harrison. Recent enforcem

Lloyds Banking Group’s Jackie Leiper has been appointed as deputy chair of Scottish Financial Enterprise. Ms Leiper brings over 25 years’ experience in financial services to the role. She joined Lloyds Banking Group in 2010 and is currently the firm’s chief customer and distributio

Criminals stole over £1.2 billion through financial fraud in the UK in 2022, according to the Annual Fraud Report released by UK Finance.

abrdn Asia Focus plc, a company managed by abrdn, has confirmed its half-yearly results for the six months ended 31 January 2022, revealing a strong performance over the period. Net asset value (NAV) total return was +0.6%, ahead of the recently adopted MSCI AC Asia ex-Japan Small Cap Index return o

A financial advisory consultancy based in Montrose has become the first financial services firm in Scotland to become entirely employee-owned. All shares of Gill Financial have now been placed into an employee ownership trust (EOT), with all seven staff becoming direct beneficiaries of the partnersh

People across Scotland are starting to focus on managing their long-term finances as the COVID-19 lockdown continues as well as contemplating how they will withstand the economic fallout of the crisis, according to financial advisory firm Carrington Dean.  This is according to a national survey

The Financial Conduct Authority (FCA) and the Bank of England (BoE) today outlined their proposals for data reforms across the UK financial sector. Both authorities have outlined their plans to develop their data and analytics capabilities. The FCA and BoE both depend on access to high-quality data

Following the announcement of a majority Conservative government, various financial and business services in the UK have given their response.  Chris Sanger, EY’s head of tax policy, commented on what the General Election result means for UK tax and the Chancellor’s Budget in the ne

Beeks Financial Cloud Group has appointed Virgin Money's Graeme Marsh as chief information security officer. Beeks Financial Cloud is a cloud computing and connectivity provider for financial markets.