Online retail giant eBay and Asto, the Santander-backed fintech that aims to help small businesses run and grow through a range of financial and non-financial services, have partnered up to offer cash flow loans to eBay.co.uk’s growing network of small businesses. The partnership aims to help
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KPMG is facing yet another hefty fine, this time for accounting failures dating back to the financial crisis. The Times newspaper has reported that audit watchdog the Financial Reporting Council and KPMG underwent a tribunal hearing this week over the audit firm’s decision to sign off BNY
Scottish Legal News, the sister publication of Scottish Financial News, has celebrated its 11th anniversary by breaking through the 12,500 subscriber barrier to reach 12,521 readers. Unique users on www.scottishlegal.com now average almost 44,000 each month and Twitter followers have
Finance leaders from across the globe are meeting in Edinburgh today to develop environmentally sustainable financial solutions. Scotland has been chosen as the host country in recognition of its growing reputation as a leader in the ethical finance debate.
Scottish spirits firm William Grant & Sons has hired Helen Cowing as group chief financial officer. Billionaire whisky tycoons Glenn Gordon and family which owns William Grant & Sons, was last week named Scotland’s richest family for the sixth year in a row.
Metro Bank has been forced to reassure customers their money is safe, acting quickly to quash what it described as false rumours on social media about its financial health. It said plans to raise £350m from investors to shore up its finances were “well advanced”. The bank, whi
Aberdeen-based transport giant FirstGroup has named its new chief financial officer as Ryan Mangold, a former finance director at housebuilder Taylor Wimpey. Mr Mangold will join the First Group on May 31, filling the position vacated last year by Matthew Gregory, took over the chief executive&rsquo
KPMG been slammed in yet another audit case and fined £6 million by the Financial Reporting Council which has also "severely reprimanded" the so-called 'Big Four' firm. The accountancy regulator also ordered the firm to undertake an internal review over the way it audited insurance compan
Kate Forbes, Minister for Public Finance and Digital Economy has visited the Edinburgh headquarters of Scottish finTech firm Origo, the company responsible for a number of critical tech-based services for the financial services sector. Ms Forbes met with Origo managing director Anthony Raf
New analysis from independent wealth management company Succession Wealth has revealed that as many as 550 UK couples each with net financial wealth of £1 million or more, will divorce this year. It estimates that collectively they have around £1.91 billion of net wealth, or £
New research by KPMG has revealed that at a time when competition for talent is fierce, 65 per cent of the UK’s population would not consider taking a role in financial services, with the main reason being the perception that it is boring, and more than two out of five of those who do enter th
Mike Bruce, chief executive at Weslo Housing Management suggests an alternative headline for Scottish Financial News, and offers an informative look at the question of board remuneration in the process. Reading the recent article in which Kelly Adams of RSM considers the question of p
The number of unemployed people in Scotland has fallen to a new record low following the first three months of this year, according to official figures that have also revealed UK pay growth has reached its fastest rate since the financial crisis. The Office for National Statistics (ONS) said the job
Goldman Sachs International (GSI) has been fined £34,344,700 by the Financial Conduct Authority (FCA) for failing to provide accurate and timely reporting relating to 220.2 million transaction reports between November 2007 and March 2017. The City watchdog found that GSI failed to ensure it pr
Dame Jayne-Anne Gadhia, the former chief executive of Virgin Money, has had her appointment to the financial policy committee of the Bank of England pushed back for a year after The Treasury was forced into a postponement to avoid “conflicts of interest”. Dame Jayne-Anne, 57, had been du
