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The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.

Firms in the financial services sector in Scotland have been invited to sign up for a new business and innovation support programme. Future Finance aims to enhance innovation and productivity in the sector and help organisations adapt to challenges, ranging from AI and data to changes in regulation

Increasing tax disparity with the rest of the UK is a predominant worry among senior leaders in Scotland's financial sector is the increasing tax disparity with the rest of the UK, according to Scottish Financial Enterprise (SFE).

Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.

The Artisanal Spirits Company, owner of The Scotch Malt Whisky Society (SMWS), has reported its membership numbers have grown to over 41,000, a 10% increase in the year ended 31 December 2023.

Aberdeen Football Club has turned a net profit of £1.1 million for the year ending 30 June 2023, a notable rebound from a cumulative net loss of £14.8m.

Joining from Sainsbury's Bank, consumer credit specialist Caroline Whitten has been appointed as legal director at law firm Pinsent Masons. Based in Edinburgh, she will work alongside recently appointed insurance regulatory and commercial legal director, Chris Riach, who has rejoined Pinsent Masons

The Institute of Chartered Accountants of Scotland (ICAS) has expressed concerns to HM Treasury in its review of the supervisory model for anti-money laundering (AML) and counter-terrorism financing (CTF) compliance, with three of the models listed in the consultation putting recent progress in

To help people to make informed decisions to save, invest and borrow with confidence, the Financial Conduct Authority (FCA) is introducing new screening checks for firms that approve financial adverts. Firms approving financial marketing for unregulated firms will have to demonstrate they have the n

Scottish Financial Enterprise (SFE) has appointed Cheri Burns as communication strategy lead within its Young Professionals network (SFEYP). The appointment aims to engage and support the next generation of industry leaders.

Andrew Dolliver, Kris Aspin and Joseph Luke Charleton, of EY-Parthenon, have been appointed joint administrators to Renfrewshire-based Mar Hall Golf & Spa Resort. Originally built in 1845, the hotel employs 118 staff and is located on a 240-acre woodland estate near Glasgow. 

Asset management firm abrdn has appointed Jason Windsor as its new chief financial officer and executive director. Scheduled to take up his new role by October 2023, Mr Windsor brings to abrdn almost three decades of experience within the financial services industry. He spent more than a decade with

AMTE Power, Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has said it is urgently seeking to raise new funds as it contends with a dwindling cash position.

Scottish firms, once profitable but financially strained during the COVID-19 pandemic, are now feeling the pinch of a cost-of-living crisis, leading to record levels of insolvency activity, according to Wylie & Bisset, an accountancy and business advisory firm. R3, the insolvency and restructuri

In 2022, older UK homeowners accessed a record £5.2 billion from their housing equity, a rise of 28% from the previous year's £4.1bn, revealed data from the Financial Conduct Authority (FCA).