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America's largest bank, JP Morgan, is transferring around €200 billion (£184 billion) from the UK to Germany as it prepares for Brexit. According to Bloomberg, the transfer of assets will make the bank one of the largest in Germany based on the size of its balance sheet. The transfer of a

The Financial Reporting Council (FRC) has indicated that rule breaches have been discovered in its investigation into KPMG’s audits of collapsed contractor Carillion.

Aberdeen-based global payroll and tax compliance specialist activpayroll has announced the appointment of Steve Callaghan as a non-executive director and chairman. Mr Callaghan has a considerable track record of growing and transforming businesses, specialising in software and services on an interna

Anderson Anderson & Brown LLP (AAB) has announced the establishment of a specialist team dedicated to supporting family businesses. AAB currently works with over 1,000 family businesses, amounting to 75 per cent of the firm's SME client base. The new dedicated team has been formed to support thi

Financial services veteran Jim Pettigrew has been appointed as chair of Scottish Ballet's board of directors. Mr Pettigrew, who announced his retirement from Virgin Money earlier this year after overseeing its acquisition by Clydesdale Bank, joined the board this month and will take over as chair in

National Savings and Investment (NS&I) has announced today that it will be reducing interest rates for its variable rate products and some fixed term products, from 24 November 2020. NS&I said it must strike a balance between the interest of savers, taxpayers and the broader financial servic

The Scottish Government has launched a Sustainable Agriculture Capital Grant Scheme (SACGS) with the stated aim of protecting and improving the natural environment, reducing greenhouse gas emissions and supporting sustainable farming and land use. The grant forms part of the Agricultural Transformat

The UK Government has today appointed Pauline Wallace as the inaugural chair of the UK Accounting Standards Endorsement Board (UKEB). Ms Wallace has over 30 years’ experience in the development of accounting standards, both as a practitioner and as a standard setter.

Alba Bank, the Glasgow-based challenger bank set to launch into the SME business market later this year, has appointed Alastair Christmas as its new commercial director. Mr Christmas has over 30 years of experience within the UK financial sector at the Royal Bank of Scotland and Clydesdale Bank

Edinburgh-based start-up Occupyd is launching a first-of-its-kind marketplace which connects small businesses and individuals searching for workspace with companies looking to monetise their existing and excess capacity.  Founded by entrepreneur Callum McPherson, Occupyd caters to a number of i

Spirits producer Edrington Group has appointed Scottish accountant Angus Cockburn to its board of directors.  He joined the board as a non-executive director on September 1. 

Glasgow-based business turnaround consultancy BRS has appointed Anthony Allen as group business development manager. Mr Allen will be responsible for driving growth across the BRS Group’s three core service divisions, BRS Consulting, BRS Credit Management and BRS Capital, supporting distressed

Richard Bathgate, restructuring partner at Johnston Carmichael, discusses the potential benefits of restructuring your business.  In my experience, when it comes to tasks you’d rather put off, speaking to an insolvency practitioner about restructuring your business is right up there with

Three of the talented team at accountancy firm Campbell Dallas – Jessica Orr, Andrew Rennie and David Booth - have been named in the Top 100 Young global chartered accountants, a prestigious list created by ICAS to spot the next generation of leaders in the accountancy profession. Jessica Orr

Facebook has paid €100 million to the French tax office.  The payment includes a tax adjustment relating to Facebook's profits between 2009 and 2018, but also a €22m penalty for the social media giant's failure to settle sooner, according to French media reports.