Search: financial focus

Latest data released today by Clydesdale Bank’s Australian parent company has revealed the Glasgow-based bank will this year set aside as much as £500 million to compensate customers over various misselling scandals. The news comes just months after Clydesdale was fined £20.7 million by the Fina

Cat MacLean An English court judgement could pave the way for Scottish companies to win more compensation from banks who mis-sold interest rate hedging products (IRHPs), law firm MBM Commercial has said.

Dundonians are top of the table in terms of richness and fulfilment, according to new academic research which claims to have cracked the code of successful living.

New research from accountants KPMG has revealed that the amount of money lost in high-value fraud cases in Scotland has fallen sharply during the first half of 2015. The first six months of this year saw the total value of fraud north of the border hit £3.8m, compared with £6.2m for the same perio

Accountants Baker Tilly are warning Scottish companies that import goods into the UK to prepare themselves for new customs duty arrangements which come into force next year. From 1 May 2016, the current regime will be replaced by the new European Union Customs Code.

Accountants BDO have issued a warning to individuals that the taxman is targeting hidden earnings and income through its use of a new computer program which gives it access to databases of personal financial information. HM Revenue and Customs (HMRC) is utilising a program called ‘Connect’ to lo

Gemma Spiers Scottish accountancy firm Johnston Carmichael has announced the appointment of a new marketing director.

The UK Government has been forced to defend its decision to begin the sell-off of its 80 per cent stake in bailed-out Royal Bank of Scotland for a loss of £1 billion. Overnight the government announced that it had sold 5.4 per cent of its near 80 per cent stake in the Edinburgh-based lender at 330p

Edinburgh-based Royal Bank of Scotland has announced plans to shut three more of its branches in the capital. The bank, which was bailed out by taxpayers at the height of the financial crisis in 2008 to the tune of £45 billion, said its latest round of closures will include its Fairmilehead, Colint

Myriam Madden Myriam Madden has been elected President of the Chartered Institute of Management Accountants (CIMA).

A quarter of young adults in the UK are still using the bank account chosen for them by their parents when they were a child, according to new research. UK-based price comparison service uSwitch said that when it asked those surveyed why they had chosen a particular current account to be their main

Sarah Donn Aberdeenshire-based housebuilder and construction group Bancon has appointment Sarah Donn as its new finance director.

Brendan Devine Scottish insurance broker Sure Thing Insurance Services has attracted 80,000 customers in its first year of operation.

Mike Turner, head of multi-asset at Aberdeen Asset Management Aberdeen Asset Management has launched a new multi-asset income fund designed for "the post-financial crisis world".

The Scottish Government has lent a total of £10.8 million to the embattled state-owned Glasgow Prestwick Airport in Ayrshire. The figure was included in a new annual report that showed the airport's losses increased from £3.9 million in 2013/2014 to £4.1 million in 2014/15, raising questions abou