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Two prominent financial services firms with a strong footprint in Scotland have been recognised in The Sunday Times Best Places to Work 2026. Scottish Friendly and Armstrong Watson were both named in the Best Big Places to Work category following outstanding results in an independent employee engage

The Financial Conduct Authority (FCA) has warned financial firms that further action is required to prevent sanctions breaches, despite noticeable progress being made across the industry.

The Financial Reporting Council (FRC) has imposed financial sanctions against audit firm BDO and Geraint Jones, an audit engagement partner in relation to the audit of the financial statements of NMCN. BDO has been fined £2 million for its audit of the firm in 2019, while Mr Jones recieved a f

Savers are being wrongly ordered to pay thousands of pounds in tax due to flawed calculations by HM Revenue & Customs (HMRC). Under rules introduced in 2016, financial institutions are required to report savers' annual interest earnings directly to the tax authority. This allows HMRC to automati

Deloitte’s UK workforce is poised for significant financial rewards this year as the Big Four firm projects earnings that will surpass its internal profit targets.

OpenAI has released a preview of its new personal finance suite in ChatGPT to Pro users based in the United States. The "new personal finance experience" enables user to connect their financial accounts, see a dashboard of where their money is going and ask ChatGPT questions relating to their financ

The Financial Conduct Authority (FCA), Bank of England and HM Treasury have issued a joint warning that frontier artificial intelligence models now pose a materially heightened cyber threat to regulated firms, and have set out clear expectations on how the sector should respond. In a joint statement

UK financial firms can now move forward with tokenisation and distributed ledger technology (DLT) with greater confidence, following a joint announcement from the Financial Conduct Authority (FCA) and the Bank of England setting out a shared vision for the future of wholesale markets.

Broadridge Financial Solutions, a US-based fintech company, has opened an office in Glasgow to help financial services companies achieve operational resilience at a time of geopolitical tensions. As a provider of business process outsourcing (BPO) services it has launched with a global investment ba

Jamie Marshall puts forward the case that tokenised funds represent a historic opportunity for Scotland's fund management sector to cement its position as a global leader in financial innovation, but warns that the window to act is closing and decisive industry adoption is essential to not lose grou

Edinburgh-headquartered Brodies has appointed Jonathan Lee as its new chief financial officer. Mr Lee will join the operational leadership team, bringing with him more than two decades of experience in financial services. Prior to joining the firm, he was director of finance and investment operation

The Financial Conduct Authority (FCA) has launched a formal investigation into three of the world's largest payments companies – Mastercard, Visa and PayPal – over suspected anti-competitive conduct linked to the funding and usage of PayPal's digital wallet in the UK.

Scottish Financial Enterprise chief executive Sandy Begbie has urged the new Scottish Government to put economic growth at the heart of its agenda. In a wide-ranging interview with Daily Business ahead of the new parliamentary term, Mr Begbie warns that Scotland cannot afford another five years of t

The Financial Conduct Authority has launched a market-wide review into claims management companies (CMCs) and law firms, citing mounting concerns that consumers are being let down by aggressive marketing, misleading advertising and unfair exit fees.

The Bank of England (BoE) and the Financial Conduct Authority (FCA) are at loggerheads over proposals to ease capital requirements for specialist trading firms, such as Citadel Securities, Jane Street and Hudson River Trading. The dispute was triggered by plans outlined by the FCA at the end of last