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The chairman of taxpayer-owned Scottish National Investment Bank has admitted that rocketing losses on the back of more failed investments are “painful” and “not where we want to be”. New figures show the bank’s loss for the year to the end of March surged by135% to &po

Transparency, reputation and trust are becoming the most important factors influencing consumers when choosing wealth management providers, according to new a TransUnion study. The company surveyed 1,000 US consumers with at least $20,000 in investable assets to discover how they chose who to hire t

Canaccord Wealth has snapped up the front office teams and client assets of Midlands-based EFG Harris Allday. EFG Harris Allday, a UK based wealth management business, operates as a subsidiary of EFG Private Bank, part of EFG International, which manages £3.1bn of clients assets operating acro

Aviva's UK and Ireland general insurance chief executive Jason Storah has avoided answering questions around the impact of its Artificial Intelligence (AI) investment on the workforce as it continues to adopt the technology. Mr Storah acknowledged that the firm was exploring "how many people do we n

Aberdeen Asian Income Fund (AAIF) has enjoyed a strong start to 2026 delivering a 28% total return on net asset value (NAV) in the six months to the end of June and producing a 30.9% total return on its share price. The fund's NAV is ahead of the 25.7% return from the MSCI AC Asia Pacific ex Japan I

Major banks, insurance companies and building societies have tightened up their inclusion policies to require staff and visitors to use single-sex spaces matching their biological sex, rather than  their gender identity, in order to comply with the Supreme Court ruling. Admiral, Coventry Buildi

Aviva has beaten market expectations as its integration of Direct Line and general insurance division drove its operating profits for the first half of 2026 by 24%. Chief executive Dame Amanda Blanc's £3.7 billion bet on taking over motor insurer Direct Line has paid off, helped by the number

Interpath have been appointed as the joint administrators for Strathmore Hotels after it fell into administration. Alistair McAlinden and James Dewar stated that the companies will continue to trade as they review options for the business moving forward and they confirmed that all 410 employees will

  Politicians have written to the chief executives at every major bank in the UK, demanding explanations regarding their restrictive policies toward cryptocurrency and digital asset firms.

Concerns about the prospect of new taxes on British banks have been raised by Scots-born banker Dame Jane Fraser, said to be the most powerful woman on Wall Street. During a visit to London, the chief executive of Citigroup warned that the UK tax rate on banks is higher than in New York, Dublin, Fra

Regulatory barriers continue to hold back Scotland’s potential to export services, according to a new report from the Fraser of Allander Institute. The report, delivered in partnership with Prosper and commissioned by the Scottish Government, finds that Scottish services exports were worth abo

The number of UK businesses entering insolvency-related processes fell in the second quarter of 2026 but a decline in new company registrations suggests business confidence remains subdued.

Lower profits and net inflows have been reported by St James’s Place (SJP) for the first half of 2026. The wealth manager’s net inflows fell almost 30% to £2.7bn, down from £3.8bn in the first half of 2025.

Scotland’s onshore GDP grew by 0.6% in the three months to May 2026, compared to the three months to February 2026, according to statistics announced today by the Scottish Government’s chief statistician. In the three months to May, the largest positive contribution to headline GDP growt

Top earners in Scotland could save more than £46,000 in income tax over five years if they commuted to work from England. Wealth manager Rathbones says clients and prospective clients who work in Scotland are increasingly questioning where they should live as the gap between Scottish and rest-