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Brits are saving more money than ever before are still falling short of the £20,000 they say they need to feel financially secure.

Edinburgh-based Lloyds Banking Group, the bank worst affected by the PPI mis-selling scandal, has announced today that its has set aside a further £1 billion to pay compensation over the affair.

Jenny Laing Aberdeen City Council could become the first local authority to raise funds on capital markets as it embarks on a number of major housebuilding and construction projects.

Royal Bank of Scotland paid at least £180 million to a consortium made up of private-equity firms and the Church of England in exchange for backing the bailed-out bank’s failed attempt to sell-off 300 of its branches on the stock market it has emerged.

House purchase approval numbers in the UK during September were 15 per cent lower year-on-year, according to latest data from the British Bankers Association.

Glasgow-based Clydesdale Bank has emerged as the latest suitor for the 300 Royal Bank of Scotland branches that the still 73 per cent state-owned lender must sell-off to comply with the EU-imposed conditions of its £45 billion taxpayer bailout in 2008.

Iain McDougall By Iain McDougall, Senior Solicitor at MBM Commercial

Scottish manufacturers have reported a decline in orders during the third quarter of the year.

The Scottish government has called for the formation of a new Scotland-wide statutory board to co-ordinate the activities of Scottish Enterprise and Highlands and Islands Enterprise (HIE).

The Financial Conduct Authority has banned two former Partners of a private investment company over a £50 million fraud which saw client money siphoned off to fund their lavish lifestyles.

Gordon McArthur Renfrewshire-based provider of cloud infrastructure to the finance industry, Beeks Financial Cloud, is set to create 20 jobs as part of a £2 million investment in its facilities.

Tax and legal firm CMS’s Glasgow operation has completed its move to 1 West Regent Street, a newly completed Grade A property located in the city centre.

James Andersen By James Andersen, a senior audit manager at Grant Thornton in Scotland

The average price of a residential property in Scotland has shown an increase of 0.6 per cent during the second quarter of financial year 2016/17 compared with the same period in the previous year, with the highest rise of 9.7 per cent being reported in East Renfrewshire.

An Ayrshire distillery has seen around 60,000 litres of its Scotch worth more than £1 million drain away into the ground and into a nearby river after a vat which had sprung a leak went unnoticed.