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The Financial Reporting Council has fined and reprimanded Grant Thornton UK along with three of its senior statutory auditors.

Wonga, the UK's largest payday lender, is exploring the possibility of a pre-pack administration process similar to that recently adopted by House of Fraser, it has emerged.

Invitations have been sent to nearly 500 banks, lenders and fintech firms that will provide them with details on how to access a £775 million Royal Bank of Scotland fund aimed at creating greater competition in the sector through an initiative forced on the Edinburgh-based lender as a result of it

A new court judgement will have a major impact on disputes involving companies in liquidation, says construction consultancy MPG.

Pete Duncan Glasgow Credit Union has announced the appointment of Pete Duncan as their new chief operating officer.

Royal Bank of Scotland has withdrawn its planning application for a residential-led mixed-use redevelopment of land it owns in Edinburgh’s New Town. The bank had applied for permission to demolish the existing office buildings at at Dundas Street/Fettes Row to create up to 400 flats as well as ret

Iain Mackay (Image courtesy of HSBC) Big pharma firm GlaxoSmithKline has announced the appointment of Aberdeen-trained Iain Mackay as its next chief financial officer (CFO).

Professor Lorne Crerar (left) and Martin Darroch Harper Macleod has marked its 30th year in business by announcing record profits in its most recent financial year – its seventh consecutive year of profit growth.

John Flint Europe’s biggest bank HSBC has announced a 4.6 per cent increase in pre-tax profit for the first half of 2018.

Antonio Horta-Osario Lloyds Banking Group has posted half year pre-tax profits of £3.1bn, 23 per cent higher than the same time last year.

Andrew Bailey The Financial Conduct Authority (FCA) has today ruled out any prospect of punishing Royal Bank of Scotland over the conduct of its shamed GRG unit, which was meant to assist small and medium-sized enterprise (SME) business customers but instead resulted in the bank being hit with milli

A third of Scotland’s controverisal limited partnerships, or SLPs, are still resisting the impact of basic transparency measures, it has been discovered.

Damian Payiatakis The Millennial generation is four times more likely than older people to invest their money for positive social and environmental impact, according to new research from Barclays.

Lloyds Banking Group now plans to run three separate subsidiaries in continental Europe after Brexit rather than just the singular one originally anticipated.

Around one in 10 people planning to retire this year expect to withdraw their entire pension savings as one lump sum, risking a potential tax bill shock and their future retirement income, new research from Prudential’s Class of 2018 has revealed.