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The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management – one relating to WealthTek and one relating to Stunt & Co. Barclays Bank UK PLC will make a vol

The Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems and controls between October 2018 and August 2020. The fine has been reduced from £30,130,475 after Monzo agreed to resolve this matter and qualified for a 30% disco

Aberdeen-based engineering firm Wood Group's chairman Roy Franklin acknowledged a "very painful period" for shareholders due to a significant collapse in the company's value, at its annual general meeting (AGM) this week.

Financial distress amongst Scottish Football League clubs has escalated by two-thirds year-on-year, with significant pressure concentrated on lower league teams, according to the latest Begbies Traynor Football Distress Survey. The six-monthly Football Distress Survey (as of 31 March), conducted by

The Scottish National Investment Bank will not be able to end its reliance on public funding unless ministers can make a case for UK Treasury rules to change, Scotland's Auditor General has said. The bank was launched in 2020 to independently invest in commercial projects that will help address the

STV Studios appointed Colin Waters as its new chief financial officer and strategy director, starting in June. Reporting directly to STV Studios CEO David Mortimer, Mr Waters will join from Vice Studios Group where he serves as CFO, overseeing global financial strategy.

The University of Dundee has announced an alternative strategy aimed at achieving financial recovery while significantly mitigating the need for large-scale compulsory job losses.

Financial Inclusion for Scotland (FIFS) has warned that Scotland risks being left behind by the rest of the UK in the fight to tackle financial exclusion among its most vulnerable communities and individuals. The warning from FIFS comes after the UK Government recently reconfirmed its decision to al

Business groups from Scotland and India have signed an agreement to build stronger links between financial services and fintech sectors in the two countries. The Memorandum of Understanding between Scottish Financial Enterprise (SFE) and the Federation of Indian Chambers of Commerce and Industry (FI

Shares in Aberdeen-based energy services firm Wood Group experienced a significant surge after confirming a renewed takeover approach from Dubai's Sidara.

With the largest generational transfer of wealth expected to take place in the UK by 2050, financial advice firms have the opportunity to start capturing a significant market of those currently not using an adviser with bespoke AI tools, according to Edinburgh-based AI fintech Aveni. A new survey by

Scottish businesses are buckling under the pressure of increased costs, with a huge jump in the number of businesses experiencing "critical" financial distress, according to Begbies Traynor. The independent business rescue and recovery specialist said its Red Flag Alert data for the last quarter of

Global technology consultancy Synechron has stepped up its partnership with Scottish Financial Enterprise after selecting Scotland as a new hub for business growth and innovation. Synechron joined Scottish Financial Enterprise in 2023, aiming to form new partnerships with academia and offer deep dom

The gender pay gap across UK financial services boardrooms decreased five percentage points between 2019 and 2023, from 30% to 25%, according to the latest EY European Financial Services Boardroom Monitor.

Scottish Financial Enterprise (SFE), the trade body for Scotland’s financial and professional services industry, has enjoyed a record-breaking year in 2024. Membership of SFE has increased over the year by 10%, with the organisation now boasting 125 businesses in its network.