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As 40,000 interest-only mortgages are set to be called in during the course of this year, half of those affected are without plans to meet payments when current arrangements mature, according to new data. City watchdog, the Financial Conduct Authority (FCA) along with Experian said in 2013 that arou

William Duncan + Co, one of Scotland’s longest established Chartered Accountancy practices and business advisers, has announced a number of changes in the run up to the company’s 100th birthday, including the launch of a new corporate advisory division in Glasgow and the opening of new offices

Still 73 per cent state-owned, bailed-out Royal Bank of Scotland (RBS) is bracing itself for a fresh legal assault from small business owners after a group of its former customers were given the green light to launch a class action against the lender. The group, known as RGL Management, says the Edi

Michael Thomson and Shona GeeCHAP Group has strengthened its senior team with the appointment of a new finance director and land manager.The Westhill-based group operates divisions in the construction, commercial property, house building, civil engineering and quarrying sectors. It reported turnove

Scottish Friendly has more than doubled funds under management to hit more than £2.6bn. Latest figures released by the Glasgow-based firm show that funds rose from £1.1 billion in 2014 to more than £2.6bn in 2015, a rise of 147 per cent, on the back of the acquisition of Marine & General Mutu

Still 73 per cent state-owned, bailed-out lender, the Royal Bank of Scotland, together with three of the UK’s biggest banks, are facing £19.5bn in fines, compensation and legal expenses over the next 18 months, according to Standard & Poor’s. The latest hit would take the total paid out by

Catherine Burnet Global accountancy giant KPMG has named Catherine Burnet as the new head of its business in Scotland.

Lesley Sawers Lesley Sawers, a former chief executive of the Scottish Council for Development and Industry, has been appointed as Scotland commissioner for Britain’s leading equality and human rights body.

Last year saw the lowest number of personal insolvencies recorded in Scotland for fourteen years, the Accountant in Bankruptcy has revealed. The AiB’s latest figures show there were 8,413 personal insolvencies recorded in Scotland during the last financial year.

Aberdeen Asset Management has launched the Aberdeen German Urbanisation Property Fund having secured €150 million of commitments from pension funds, insurance and other institutional clients. Aberdeen said the venture differs from similar funds by investing in both residential projects and mixed u

The financial crisis triggered the two largest annual falls in real government receipts since at least 1956, according to think tank the Institute for Fiscal Studies, which said it expects that by the end of the decade tax receipts as a share of national income will return to their pre-recession lev

The Financial Services Compensation Scheme, which pays out for claims against banks, building societies, credit unions and insurance, investment and home finance firms, has announced its funding for the new financial year. The financial services industry funds the compensation through a levy to FSCS

A group of bank robbers in Uzbekistan may have exposed the parlous state of the country’s finances after their haul of 45 sacks loaded into a van turned out to be worth just £1200. The gang, which carried out the heist in the country’s western Khorezm region, may have been pleased when they sca

A solicitor has pleaded guilty to stealing more than £21,000 from his law firm as a result of “financial difficulties”.