News

Both Lloyds Banking Group and Virgin Money have this week banned their customers from buying Bitcoin and other digital currencies with their credit cards.

Iain Fraser A leading North East specialist supplier of small bore tubing systems, technology and services to the oil and gas industry, Aberdeen Fluid System Technologies Limited (AFST), has been placed in receivership, with Iain Fraser and Tom MacLennan, partners with FRP Advisory LLP, appointed jo

Ross McEwan Following his chastening experience before a parliamentary committee last week over the conduct of the bank's Global Restructuring Group, Royal Bank of Scotland chief executive Ross McEwan is attempting to avoid a repeat appearance after entering into talks with MPs aimed at securing a s

Carol Flockhart Edinburgh-based accountancy firm, Chiene + Tait has been announced as lead sponsor of the 2018 Ambition & Growth Conference, an event aimed at supporting female entrepreneurs and investors in Scotland.

Robert Burns To mark Scottish Family Business Day, Robert Burns, partner at Scottish law firm Burness Paull, takes a look at how a business can be structured to suit your family’s needs.

Peter Szabo A survey of leading European banks has shown that despite on-going uncertainty surrounding Britain’s exit from the EU they are still positive about lending on hotel projects in Britain, ranking the UK as their most preferred hotel lending market along with Germany and the Netherlands.

Lloyds Banking Group, which includes Halifax, Bank of Scotland, and MBNA is cutting around 1,000 jobs across its total of six brands and creating 465 new roles, according to reports.

Chris Richardson Ambassador LB Holdings LLP, a joint venture between Glasgow-based property investor Ambassador Group and specialist investment manager ICG-Longbow, has just completed the acquisition of its 5th investment, taking total capital committed by the JV to the Scottish commercial property

Lloyds Banking Group has introduced a ban on buying Bitcoin with credit cards, affecting customers of Bank of Scotland, Lloyds Bank, Halifax and MBNA. The move has reportedly been sparked by fears that the continued fall in the price of Bitcoin could leave customers in serious and unsustainable debt

Paul Pester The chief executive of TSB has welcomed the £775 million set aside by RBS for so-called 'challenger banks' as a "once in a generation opportunity to break the shackles" of the big banks, The Herald reports.

The FTSE 100 reached a new two-month low as markets opened today, mirroring decline across Europe, Asia and the US. The share index is down by 1.3 per cent, the lowest it has been since 8 December 2017.

Royal Bank of Scotland has denied claims that it trained staff in how to forge customers' signatures, The Times reports. Bank Confidential, a new organisation which aims to root out unacceptable practices in the big banks, said it had become aware of allegedly fraudulent practices in the bank from w

Ron Robson SME lender Ultimate Finance, with offices in Glasgow and Edinburgh, has seen lending grow 47 per cent last year to a record high.

Ken Barclay Social Investment Scotland (SIS) has named Ken Barclay as its vice chair to support and ultimately succeed current chairman Nick Kuennsberg OBE.

Forbes Macpherson The Herald has published a full obituary of Forbes Macpherson, accountant and former TSB chairman from 1984-1994.