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A new scheme is to be launched which will allow people in Glasgow who cannot afford a deposit to buy their home. Local councillors are expected to give the green light to a new partnership with Glasgow Credit Union this week.

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Royal Bank of Scotland has announced that it is selling up to 75 million shares in its former US subsidiary Citizens Financial Group, the parent company of Citizens Bank. If all the shares are sold, it would represent 16 per cent of Citizens and reduce the Edinburgh-based lender’s stake to 132.7 m

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A social enterprise scheme in Glasgow is giving current and former offenders the chance to help build 40 affordable homes funded by a £2 million bond which has been issued to investors. The capital raised will be used to build social housing over the five-year life of the bond, as well as complete

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The Bank of Scotland, Scotland’s first and oldest bank, is today celebrating its 320th birthday having been founded by an Act of the Scottish Parliament on 17 July 1695, just a year after the founding of the Bank of England. Following the passing of the Act, the Bank's promoters opened two subscri

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James Leigh-Pemberton UK Financial Investments, the body charged with managing the UK Government’s stake in the bailed-out banks, has revealed plans to raise £25 billion by off-loading three-quarters of the taxpayer’s near-80 per cent stake in Royal Bank of Scotland over the next five years.

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L-R: Johnny Griffiths, Iain Steele and Craig Martin. Four Scottish accountants from BDO put their counting skills to different use by successfully completing the Five Peaks High Five Challenge last week to raise funds for the children’s rugby charity, Wooden Spoon.

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Reports are circulating ahead of tomorrow’s budget that the UK Government could be prepared to sell-off half of its 80 per cent stake in Royal Bank of Scotland within two years. Last month, Chancellor of the Exchequer George Osborne said The Treasury would begin drawing down its share in the Edinb

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Sporting testimonials offer a welcome chance to recognise and reward longstanding players but organisers may not realise that such events may incur tax liabilities, according to the accountants and business advisers BDO. HM Revenue & Customs (HMRC) stated in an update to their business manual in

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Finance chiefs today called for a more progressive property tax system in Scotland to improve local accountability and proposed an end to the council tax freeze. The Chartered Institute of Public Finance and Accountancy (CIPFA) and the CIPFA Directors of Finance Section said that local tax should be

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Calls have been made to reduce the tax burden on Scottish businesses after analysis by the Scottish Parliament Information Centre revealed that firms in some parts of the country are paying more than a fifth of their surplus earnings on rates bills. The data showed that the average business rates bi

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