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Lloyds Banking Group has purchased Tesco Bank's mortgage book for £3.5 billion. The purchase emerges after a ferocious price war which led Tesco to abandon the mortgage market. Lloyds successfully beat competing bids from rivals Santander and Royal Bank of Scotland. 

Boxing champion Manny Pacquiao has launched his very own cryptocurrency at a free concert in Manila.

National Savings and Investments (NS&I) has announced that it will slash interest rates on 1.5 million accounts. The bank, which is backed by the Treasury, is cutting interest rates on 1.5m accounts which contain almost £25bn worth of savings. Experts have blamed the move on a no-deal Brex

Digital banks operating within Britain are on track to treble their customers in the next year.

Citizens Advice Scotland (CAS) has launched a new service to help consumers beat online scammers.

A Moray building materials supplier has been sold in a management buyout (MBO).

The Edinburgh-based fintech company Paysend has reached one million customers within just two years. The customer milestone was reached for its card-to-card money transfer service, Global Transfers.

Oliver-Niven Smith, from Johnston Carmichael Wealth's Perth office, has embarked on a challenge to cycle from Paris to Milan to fundraise for Mary's Meals. Oliver has started a JustGiving crowdfunding page to accumulate donations for his challenge, which will then be given to Mary's Meals.

The Dundee-headquartered investment company Alliance Trust has announced the appointment of Vulcan Value Partners (VVP) as its ninth equity manager. Willis Towers Watson (WTW) was appointed to oversee the investment portfolio two years ago and has overseen eight global equity managers who each have

New HSBC UK research has revealed that over half of Scottish small and medium-sized enterprises (SMEs) believe that fraud attacks are becoming more frequent.

Anne Whitaker has been appointed to the Financial Reporting Council's (FRC) Conduct Committee and chair of the Audit Quality Review Committee (AQRC). Ms Whitaker was first appointed to the AQRC in 2016 and she replaces David Cannon, who has served as chair of the AQRC and a member of the Conduct Co

HRC Recruitment has hired Margaret Richmond as director and Lynne Macdonald as principal consultant. As experienced recruiters, Margaret Richmond and Lynne Macdonald will allow HRC Recruitment to strengthen its offering across the full accountancy and finance market.

Royal Bank of Scotland has provided a £410,000 funding package to allow an Islay to expand its offering with additional rooms and a new bar and restaurant. 

XPS Pension Group has appointed Ben Gold as head of investment. Mr Gold takes over from Patrick McCoy, who has also received the new role of head of advisory for the pensions and investment businesses.

The Restaurant Group, Wagamama's parent company, has experienced a £100 million write-down and must put on hold its plans for US expansion of its Wagamama stores. The Restaurant Group has experienced significant losses as part of Britains' casual dining crunch.