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Lloyds Banking Group has had to scramble to close a security flaw that potentially exposed the banking records on tens of thousands of Bank of Scotland customers. The vulnerability would have allowed criminals to open an account using only a person's name, address, and date of birth, and then view o

Nicola Sturgeon

Britain’s biggest bank is to open a new Scottish hub for 400 workers as it looks to expand its operations north of the border. HSBC said its newest office, which is due to open in January, will provide space for the expansion of its Scottish workforce which already stands at more than 3,700 staff

Alan Hamilton The cost of UK debt has fallen to an eight year low and SMEs should take advantage of the borrower friendly market, according to Deloitte.

The Prudential Regulation Authority has issued a warning to all big banks that they may have to hold more than £3 billion in extra capital because of new rules to make their high street lending operations safer. The PRA, which is part of the Bank of England, has said banks will have to keep the cap

Scottish workers feel less secure in their jobs than workers throughout the rest of the UK, new figures have show. The latest UK Employment Confidence Survey, carried out by recruiter Glassdoor, revealed that just over 40 per cent of staff members in Scotland fear the sack in the next six months, we

A new survey of 135 businesses with an average of 11,000 employees reveals that they expect to pay an extra £1.6m on average each in wages in 2016 due to the introduction of the National Living Wage, with retailers expecting the biggest increases. The survey carried out by global accountancy firm P

Virgin Money, the challenger bank which employs 200 in Edinburgh, has reported a leap in mortgage lending in 2015 so far, with its share of the UK gross mortgage lending market at 3.5 per cent for the eight months to August. Virgin Money, which is headquartered in Newcastle, with operations in Edinb

John Swinney Councils in Scotland are to be given new powers to cut business rates later this month, deputy first minister John Swinney will announce today.

Edinburgh-based Kames Capital has increased profits by five times over the past four years since rebranding from Aegon Asset Management, according to the firm’s latest figures. Kames, which employs 250 people in the capital, has posted results showing profits up from £3.25million in 2011 to £15.

Michelle Mone (image via Twitter) Scots businesswoman and recently-appointed Tory entrepreneurship czar, Michelle Mone, is now herself the director of only one active business after her controversial diet pill firm TrimSecrets became the latest company from which she has walked away.

The Saltire Foundation, the charitable arm of Entrepreneurial Scotland, is marking its tenth anniversary with the launch of its 2016 Scholarship programme which aims to recruit a record 160 students currently studying at Scottish Universities. The Saltire Scholars Undergraduate Internship Programme,

Angela Mitchell The UK public sector faces a decade of recalibration to adjust to lower spending levels, according to a report by Deloitte and think tank Reform.

Scotland is to have a comprehensive information service about any piece of land or property in the country. Deputy First Minister John Swinney has accepted a recommendation that will see the online service, named ScotLIS (Scotland’s Land and Information System) allow citizens, communities, profess

Five stores a week closed across some of Scotland’s largest towns and cities in the first six months of 2015, according to latest research from PwC. According to the analysis, 121 stores owned by multiple retailers shut-up-shop, with only 95 opening – a net reduction of 26 stores.