Search: financial focus

Financial firms hiring senior staff will need references going back a minimum of five years to prevent bankers covering up past misconduct, the Bank of England has said. The move marks a climbing down from a previously proposed longer timeframe.

John Swinney Revenue Scotland has received its 100,000th tax return, ten months on from the creation of the first Scottish taxes in more than 300 years.

Fred Goodwin Disgraced former Royal Bank of Scotland chief executive Fred Goodwin has been named among a group of witnesses called on to give evidence in a £4 billion class action legal case brought against the still 73 per cent bailed-out bank by shareholders.

New data published by the Scottish Government’s chief statistician has prompted one of the county's leading financial experts to claim Scotland’s economy has begun to show “worrying signs of distress”. The new official figures showed that economic growth per person in Scotland has fallen beh

International accountancy firm Mazars has reported a 24 per cent jump in fee income from its Scottish operations. The result north of the border came as the firm, which has operates throughout 93 countries, reported a 14 per cent rise in turnover for the year to the end of August across its UK opera

The Bank of England has been urged by a group of American academics to scrap the £50 note in order to fight financial crime and terrorism.

Michael Matheson The Scottish government is to challenge a legal loophole critics have said makes Scotland a target for money launderers and tax evaders, The Herald reports.

A Scottish blue-chip company - which cannot be named for legal reasons - has been conned out of £18million in a telephone scam, according to police. Police Scotland are now warning the country's finance workers to be vigilant after a senior executive at the firm in question was duped into transferr

Rob Allen Royal Bank of Scotland has today announced the appointment of a managing director of commercial banking for Williams & Glyn, the challenger bank being spun-out of the still 73 per cent state-owned Edinburgh lender, as a condition of its £45 billion government bailout at the height of

RSM, which has offices in Aberdeen, Edinburgh, Glasgow, Grangemouth and Lerwick, has announced a six per cent increase in global fee income, moving the brand up one place to become the sixth largest global network of independent audit, tax and consulting firms. Fee income for RSM’s international n

Investors have welcomed the long-awaited public trading of Clydesdale Bank after bosses brushed off a brief delay over credit rating concerns. Shares in Clydesdale and Yorkshire Banking Group (CYBG) closed 5 per cent up to 192p last night after its debut on the London Stock Exchange yesterday mornin

An total of £160 billion has been collectively denied to savers as a result of historically low interest rates, according to latest estimates. Financial services firm Hargreaves Lansdown said the loss equates to £6,000 per household in the UK.

Gary Le Sueur Inspiring Scotland, the Scottish venture philanthropy firm, has appointed Gary Le Sueur of Scottish Equity Partners (SEP) to its board of directors.

The £1.6bn flotation of the Clydesdale Bank has begun after a 24 hour postponement. Shares are now being traded on the London Stock Exchange under the new name CYBG following its demerger from parent company National Australia Bank which bought the Glasgow-based lender in 1987.

Lloyds Banking Group is calling in £3bn of special bonds after their holders were ordered by a court to sell them after agreeing that the lender had made a mistake when issuing them. In December, the Court of Appeal ruled in Lloyds’ favour after the bank argued it had made an error in its contrac