News

Ross McEwan Royal Bank of Scotland has today reported a £2 billion loss for the first six months of the year.

UK interest rates have today been cut from 0.5 per cent to 0.25 per cent - a record low and the first cut since March 2009 when they were slashed in a bid to cushion the UK economy from the global financial crisis.

BDO, the liquidators of the original incarnation of Glasgow football club, Rangers, has revealed that the cost of the liquidation process of the club has risen by almost £2.2 million since April last year, hitting the overall amount that can be made available to its creditors.

New figures released by Debt Advisory Centre show that just over 1 million adults in Scotland think that they have a debt problem. Of those, nearly three quarters say that they worry about their debt all or most of the time, with their mental wellbeing the most affected area.

Devan Kaloo Devan Kaloo, head of global emerging markets at Aberdeen Asset Management, offers his current views on the outlook for emerging markets.

The number of debt judgements recorded against consumers in the Scottish courts increased again during the first half of the year, continuing the trend from the same period in 2015.

David Frost The Scotch Whisky Association (SWA) the industry body for Scotch producers has warned that exports of the national drink could face increased tariffs in some countries in the wake of the vote to leave the UK.

Hugh Boyle On the two year anniversary of the close of Glasgow’s Commonwealth Games, the city’s hospitality industry is in a better place than ever before.

Men retiring this year will have around £5,400 a year more than women in their pensions, according to Prudential.

The volume of Retail Sales in Scotland increased by just 0.2 per cent in the first quarter of 2016 and grew by 3.2 per cent annually, according to latest statistics announced by Scotland’s Chief Statistician.

A total of 23 Bank of Scotland branches across Scotland are being axed as the lender continues to draw down its network north of the border.

City watchdog the Financial Conduct Authority (FCA) is to set June 2019 as the deadline for people to make claims over mis-sold payment protection insurance (PPI).

Braveheart Investment Group has made a £285,000 profit from the sale of its stake in University of Strathclyde spin-out firm mLED.

Strong growth has been recorded in Edinburgh’s hotel industry while reductions in performance have been registered in Glasgow and, most notably, Aberdeen, according to latest data for the month of June.

The Bank of England’s stress tests have been labelled “worse than useless” in a report produced by a leading financial institution.