News

KPMG has appointed James Kergon as its new senior partner to lead the firm’s Glasgow offices. In addition to overseeing KPMG’s largest Scottish base, Mr Kergon will continue in his role as head of deals in Scotland.

David Duffy, the owner of Clydesdale Bank, has halted plans to change bank branch names to Virgin Money as it made provisions for higher losses on loans in light of the coronavirus outbreak.  The swift change in plans and allocation of coronavirus safety-net funds has caused the lender's first-

A round-up of positive business stories from across Scotland.

A managing partner of Anderson Anderson & Brown (AAB) has urged more businesses to apply for the government COVID-19 loan schemes with the aim of positioning themselves strongly for the ‘new normal’. Lyn Calder, who is also the firm’s head of deals for the Central Belt, said th

Craig Baker, chairman of the Alliance Trust investment committee and Global CIO at Willis Towers Watson, discusses what the financial sector can learn from past economic crises.  Alliance Trust was founded in 1888 and been tested before in many major crises before the COVID-

The Federation of Small Businesses (FSB) in Scotland has highlighted that figures released by the Scottish Government have revealed that the volume of cash reaching firms is slowing. The Scottish Government figures indicate that £621 million of coronavirus grant funding has been rele

Permanent staff appointments and temporary billings across Scotland declined at the most marked rates on record during April, according to the latest Royal Bank of Scotland Report on Jobs.

An initiative to create a vast new nature reserve in Dumfries and Galloway through southern Scotland’s largest community land buyout is being launched today with a £3 million crowdfunding campaign to help purchase 10,500 acres of Langholm Moor. The ambitious plan by charity The Langholm

Aberdeen New Thai Investment Trust, a trust managed by Aberdeen Standard Investments, has posted its annual results for the 12 months to 29 February 2019, revealing a total return of -16.6% versus the total return of -12.8% from the company’s benchmark. The company also pos

The banking and finance sector has lent over £5.5 billion to SMEs through the Coronavirus Business Interruption Loan Scheme (CBILS) so far, according to the latest data from UK Finance.

Legislation to establish a new consumer organisation has been unanimously passed by the Scottish Parliament. Consumer Scotland – a new body dedicated to protecting the interests of consumers – is expected to be operational next year.

The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.

The Financial Services Regulatory Initiatives Forum has today launched a new initiative to help financial firms prepare for upcoming regulatory work – the Regulatory Initiatives Grid. The introduction of the Grid, announced by Chancellor of the Exchequer Rishi Sunak in March’s Budget, ha

Police in Louisiana have urged local residents to remain vigilant in the search for ‘an aggressive chicken’ which has been terrorising bank customers in the city of Walker.

New analysis by The Institute for Public Policy Research (IPPR) shows that 750,000 people in Scotland could be enrolled onto the Jobs Retention Scheme (furloughed) this quarter, and a further 150,000 jobs could be lost as a result of the COVID-19 crisis.