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Brian Caplen A new report has revealed that UK banks are failing to keep pace with their international rivals after seeing their profits slip by more than a fifth.

The Financial Reporting Council (FRC) has opened an investigation into PwC's audit of collapsed retailer BHS. The accountancy regulator said its probe was into the year ending 30 August 2014, when the firm was still owned by Sir Philip Green.

Halifax has launched a new online feature allowing people to see comparable spending habits with people similar to themselves across Great Britain using its new ‘People Like You’ tool. ’People Like You’ provides tailored insights showing the spending habits for the chosen demographic, meanin

British bankers could be facing the dilemma of moving abroad in the event of a ‘Brexit’ vote in today’s referendum after new research showed they would suffer pay cuts of up to 80 percent if they were to move to nearby financial hubs in Frankfurt or Paris. Data gathered after an analysis of 8,

Scotland’s finance sector will be voting overwhelmingly to ‘remain’ in the EU at the polls tomorrow, according to our very own survey of Scotland’s finance professionals. Almost three quarters of the almost 500 SFN readers who took part in the poll say they are set to vote to ‘remain’ in

Wheatley Group has been given the UK’s highest credit rating for a housing group due to its “expansion into strong markets” and its “importance to the Scottish Government”. International ratings agency Standard and Poor’s upgraded the social landlord to AA (stable), up from AA- (positive

Latest data released by The Student Loans Company has revealed student debt in Scotland is rising faster than anywhere else in the UK. The statistics show that while Scotland continues to have the lowest student debt in the whole of the UK by a significant margin, it is steadily increasing.

Foreign exchange provider Travelex has launched a new card and app combo for UK travellers allowing them to avoid overseas debit and credit card roaming fees and charges when spending abroad. The new ‘Supercard’, which can be used wherever MasterCard cards are accepted, aims to prevent a post-ho

Santander, which employs more than 2000 people in Scotland, has announced that it is to launch a UK private banking division this year for the first time. The lender said the move will see it provide facilities for smaller savers with hundreds of investment funds by providing bespoke solutions for c

Smaller pension funds in the UK are more exposed than others to market volatility linked to next week’s European Union referendum, according to new research. The findings, which highlight the impact of the negative interest rates in force in some areas, come as fears about the financial market imp

Royal Bank of Scotland is facing a landmark private criminal prosecution for an alleged £128 million fraud based on allegations made by a Scottish businessman that the 73 per cent state-owned bank pushed his firm into administration to benefit from its sale. Neil Mitchell, the former CEO of softwar

Entrepreneurial Scotland’s Saltire Scholar programme begins today with its largest cohort to date and for the first time students represents all 17 Universities in Scotland.

Perth-based specialist property finance broker, The Lending Channel, has recruited an interim commercial director to help spearhead the next phase of their growth strategy. The rapidly growing business announced that Simon Cocker is to join it management team with immediate effect.

June Hanney

Businesses across Perth and Kinross are set to benefit if innovative rates relief proposals are approved by the Council’s Strategic Policy & Resources Committee next week. The proposals being put before the local authority’s panel represent a potential investment by the Council of over £600