Charity Bank has increased loans by over a quarter over the past 12 months year and is still confidently looking ahead, despite the uncertainties brought on by ‘Brexit’.The social finance body, which only provides loans to charities and social enterprises and tailors the terms of each loan to su
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Mark Carney The Bank of England has has eased the rules around special capital requirements for banks in a move that it says potentially frees up £150bn for lending and help lubricate the UK's financial system.
Edinburgh-based jobs are expected to be included among more than 600 redundancies at Lloyds Banking Group as the lender continues to scale back its branch network and workforce. According to reports, all affected employees work in information technology and back-office roles and are being told of th
Jordan Stodart Jordan Stodart is co-founder of Orca Money
Glasgow Stock Exchange. Buchnan Street, Glasgow. (now the Urban Outfitters store). Scotland could be set to get its first independent stock exchange in 40 years.
PwC has held briefing sessions with clients on the implications of last week’s referendum result, led by David Glen, PwC’s Scottish head of tax; senior adviser on Devolution Michael Moore and Glasgow Office Senior Partner and head of deals Scotland, David Leslie. Commenting on the immediate outc
Ray Entwistle Auctioneers Bonhams has announced that veteran banker Ray Entwistle is to replace Simon Miller as chairman of its Scottish operation.
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
