News

Despite significantly increasing investment in compliance and being continuously under the scrutiny of regulators, economic crime in financial services has increased, demanding new thinking to make investment in compliance deliver more value and tackle economic crime, according to PwC.

Edinburgh-based Lloyds Banking Group has today announced that it is to cut a further 3,000 jobs and close 200 more branches by the end of next year, citing the sustained downward pressure on interest rates as a result of the UK’s decision to leave the EU.

A drop in private and public housebuilding has contributed to a slowdown in Scottish the construction sector as a whole, according to new research published today.

Geoffrey Thomson Geoffrey Thomson, co-founder of Perth-based investment group Braveheart, has sold his remaining stake in the firm.

A Dundee company that collapsed last year under the weight of a £400,000 debt may have been mis-sold an interest rate hedging product by Royal Bank of Scotland.

Sir Alan Reid, Keeper of the Privy Purse and the man in charge of the Queen's finances, is to retire at the end of next year, Buckingham Palace has announced.

A husband and wife from Dundee have been banned from acting as company directors for 11 and two years, respectively, following a 17 year long fraud that resulted in £1 million in lost revenue for Her Majesty’s Revenue and Customs.

Property entrepreneur Elliot Robertson has bought the mansion of a bankrupt Scots tycoon in a cut-price deal for just in excess of £2.5 million. The grand property, called Kirkton Park, in Auchterarder, Perthshire, cost about £10m to build, making it the country’s most expensive modern home, acc

Edinburgh-based challenger bank Virgin Money has reported a sharp rise in profits for the first half of the year.

MPs have warned HM Revenue and Customs to consider the public impact of further cost cutting, in order to avoid a repeat of a recent collapse in customer service.

New figures from Accountant in Bankruptcy (AiB) show that total personal insolvencies, which include both bankruptcies and protected trust deeds, totalled 2,405 for the first quarter of 2016-17 up to 30 June 2016, a 7.8 per cent increase on the previous quarter.

Aberdeen Asset Management, a top-10 shareholder in UK’s beer giant SABMiller, has branded as “unacceptable” an increased takeover bid for the business by Anheuserbusch Inbev.

A number of small contractors could be at risk after Dunne Group entered administration last week with the loss of more than 500 jobs, Johnston Carmichael has warned.

Royal Bank of Scotland (RBS) has today issued a warning to its businesses customers that they may find themselves subject to charges on their deposits as a result of low interest rates.

Liam McArthur Scottish Liberal Democrat justice spokesman Liam McArthur MSP has today called for an urgent review of the regulation of Scottish Limited Partnerships (SLPs) after it was revealed the controversial business model was at the heart of a Ukrainian probe into organised crime arm exports.