News

Lloyds Banking Group has been ordered to reveal legal advice it received in the run-up to its takeover of Scottish bank HBOS during the 2008 financial crisis. Mr Justice Nugee, in a pre-case hearing at the High Court in London, ruled in favour of the Lloyds Shareholder Action Group, who have demande

The Royal Bank of Scotland has reportedly appointed external advisers to assist an investigation into its historic treatment of small business customers. The bank is still looking into allegations that small firms were pushed into the Global Restructuring Group (GRG) in order for RBS to charge highe

Iberdrola chairman Ignacio Galán Scottish Power expects to pay a £150 million carbon tax bill this year, prompting Spanish owner Iberdrola to complain about the tax's impact on fuel prices.

An Edinburgh-based start-up responsible for a popular mobile shopping app has won major new funding from Royal Mail Group (RMG) and other investors. Mallzee, founded in 2013 to publish a flagship shopping app by the same name, has won a total of £2.5 million from RMG and some of its existing invest

A 400-metre-long pedestrian bridge described as the "world's first crowdfunded public infrastructure project" has opened in Rotterdam.

Andrew Tyrie, chair of the Treasury committee MPs have been advised that a 500-page report into the collapse of Scottish bank HBOS has been delayed, possibly delaying it being published until 2016.

George Osborne The UK government is bringing forward legislation to improve the governance of the Bank of England and consolidate its financial regulation powers.

Mike Turner, head of multi-asset at Aberdeen Asset Management Aberdeen Asset Management has launched a new multi-asset income fund designed for "the post-financial crisis world".

Business minister Fergus Ewing The number of Scottish corporate insolvencies in the first quarter of the year is 21.2 per cent lower than over the same time last year, according to new Accountant in Bankruptcy (AiB) data.

SNP MP Peter Grant Scotland would lose influence over UK monetary policy as a consequence of English Vote for English Laws (Evel) proposals, a new report says.

IoD chief economist James Sproule The Institute of Directors (IoD) has called on the Bank of England's Monetary Policy Committee to start "normalising" interest rates.

Roger Mullin MP The Scottish National Party yesterday repeated its call for the UK government to end the "anomaly" that sees Scotland's police and fire rescue services paying VAT.

Barclays' outgoing chief executive, Antony Jenkins Barclays, which employs around 3,000 people in Scotland, may be planning to cut more British jobs, according to a newspaper report.

Gillian Henderson The Bank of Scotland has appointed Gillian Henderson as the lead director of commercial banking in Scotland.

Ken Pattullo, group managing partner for Begbies Traynor in Scotland Scottish businesses are facing greater financial hardship than they were last year, according to a report by insolvency specialists Begbies Traynor.