News

The Bank of England’s March Monetary Policy Committee (MPC) meeting has delivered no change in the Bank Rate, but the tone of the meeting's minutes and two dissenters in favour of an immediate rise has hinted at the prospect of a May hike.

An organisation representing a group of businesses and individuals who took out Tailored Business Loans, or “TBLs”, with Clydesdale Bank, has this morning announced that it is to commence legal action against the Glasgow-based lender, as well as its former owner, National Australia Bank (NAB),

A new cryptoassets task force, the next steps in ‘robo-regulation’ to make it faster and easier for fintech firms to follow complex regulations, and a new UK-Australia ‘fintech bridge’ to help UK firms expand internationally, are some of the innovations expected to be announced by the Chanc

The Scottish Affairs Select Committee will run a special session to investigate the potential closure of 30,000 free to use ATMs.

Neil McLeod Challenger bank Metro Bank has today announced that from 5 April it will expand its mortgage business into Scotland, both direct — through its seven-day-a-week mortgage helpline — and via brokers.

Moira Kelly The Chartered Institute of Taxation (CIOT) has welcomed a “practical and pragmatic” agreement between the UK and Scottish Governments on changes to tax reliefs following last month’s Scottish Budget.

Graham Sharp A £1 million fraud perpetrated at Dundee City Council from 2009-2016 was the result of failures in fundamental controls within the council’s financial systems, the Accounts Commission has found.

Scottish siblings are happy to share, and the Bank of Brother and Sister may be just as generous as the Bank of Mum and Dad, new research has found.

Capital risk Residents of Edinburgh are the second-most likely in the UK to choose an adventurous investment portfolio for their ISA savings number, according to research on the saving and investment habits of Brits from investment platform Moneybox.

Gordon McArthur Glasgow-based financial cloud provider Beeks has announced its entry into the cryptocurrency market via a collaboration with Gemini, a New York-based next-generation digital asset exchange and custodian.

Moya Rylands Demand for permanent professionals in Scotland rose by 25 per cent year-on-year to February 2018 according to research from the Association of Professional Staffing Companies (APSCo).

Douglas Martin Aberdeen-based accountancy firm Anderson Anderson & Brown has been named as the top dealmaker in Scotland for a 13th consecutive year after the firm completed the most deals in Scotland each year from 2005 – 2017.

Jamie Hepburn Scotland’s employment rate has fallen by 0.2 percentage points, with the employment rate below the UK average at 74.8 per cent.

Sir Richard Branson and Virgin Money CEO Jayne-Anne Gadhia Aberdeen Standard Investments and challenger bank Virgin Money have agreed to establish a new joint venture for the provision of asset management service to customers.

Gordon MacLure Accountancy firm Johnston Carmichael has been appointed administrator of Alan Grant Grampian and ACG Contracts which have folded with the loss off 33 jobs.