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The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

The Scottish Government has announced that coronavirus financial help will be expanded to include businesses that share properties, such as indoor markets, and for firms that aren’t on the rates system, such as some bed and breakfasts. The Federation of Small Businesses (FSB) – who led c

Thousands of small businesses say they are firefighting immediate concerns such as cashflow pressures and resuming operations safely ahead of lockdown lift, according to the latest research from Association of Chartered Certified Accountants (ACCA). The partnership study with The Corporate Fina

Dundee-based Alliance Trust Savings (ATS) has been censured by the Information Commissioner over the use of a mobile app which allowed it to access an “excessive amount” sensitive personal data of its employees, The Courier has reported. The Information Commissioner ruled that the financ

Aberdeen Asian Income Fund Limited, a fund managed by Aberdeen Standard Investments, has announced a dividend increase for its stakeholders for the 11th consecutive year.  The announcement comes as the fund published its annual results which indicated another positive year for the fund, as its

Glasgow-based McCrea Financial Services has appointed Grant Sneddon to its advisory team with him taking up the new role of independent financial adviser.  Mr Sneddon joins McCreas from Policy Services / Virtue Money where he served as a financial adviser. Prior to that, he held senior position

Economy secretary Fiona Hyslop and finance secretary Kate Forbes have written to the UK Government to call for assurances that Scottish companies and workers will not be disadvantaged when decisions are made about scaling back the UK-wide Job Retention Scheme. The letter to Chancellor Rishi Sun

Business angel syndicates in Scotland participated in deals which invested over £100 million in young entrepreneurial companies in the financial year to end March 2020.

Scotmid Co-op has posted strong full-year results with trading profits reaching £5.6 million compared to £5.3m last year. The announcement arrives amid the economic uncertainty of the coronavirus pandemic and in Scotmid’s 160th anniversary year.

Wheatley Group has drawn down £72 million of funding from the European Investment Bank (EIB) – at a highly-competitive rate – to build and improve more homes across Scotland. The funding deal – at a rate of under 1.70% fixed over 22 years – will enable the UK’s la

Marketing Edinburgh, Edinburgh's tax-payer funded tourism marketing company, has been fined for failing to file its accounts on time.

Allied Irish Bank has been approved for accreditation by the British Business Bank as a new lender for the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) to provide term loans. Over the last six weeks, Allied Irish Bank teams have experienced a significant surge in customer

The Royal Bank of Scotland is working with NHS Lothian and the Rainbow Box Foundation to provide support for all coronavirus patients in the region. The bank, through its 300 Fund, will cover the cost of Rainbow Boxes for all COVID-19 patients entering hospital, providing all patients with toiletrie

EQ senior manager Paula McAllister (nee Sutherland) has died after a long illness.  Yesterday the firm paid tribute to a much-cherished member of staff: 

Paul Scullion, senior associate in the corporate financial team at Burness Paull, discusses government support for early-stage and high-growth businesses. A recurring theme in response to the various coronavirus-related financial support measures announced by the UK and Scottish Governments thus far