News

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.

TSB's statutory pre-tax profits fell more than 10 per cent last year, largely due to a delay in launching its own IT system. The bank, which was spun off from Lloyds Banking Group in 2013, saw profits fall £19.3 million (10.6 per cent) to £162.7 million last year.

Lena Wilson Scottish Enterprise will be without a chief executive until the summer, the Scottish Government has confirmed.

Royal Bank of Scotland bosses have been blasted by a second parliamentary committee in a week after the Irish Oireachtas’ finance committee told Ulster Bank chiefs that they had a “brass neck” for choosing to send its SFO rather than its outgoing chief executive to face a grilling over a scan

Joseph Bowie (left), lender services operations director, Mike Sinclair, senior property partner, Myra Scott, partner and head of lender services practice group, Jacqueline Law, managing partner, Laura Browne, partner, Matthew Wightman, partner, lender services practice group Aberdein Considine has

Stirling is the most affordable city in the whole of the UK, while Perth has seen the biggest improvement in terms of home affordability in Scotland over the last five years, according to the latest Bank of Scotland research.

Vince Smith-Hughes Debt in retirement is continuing to climb with nearly one in five expecting to stop work this year owing an average £33,900, according to new research by Prudential.