News

A former CIA officer found with $40 million (c. £30m) in gold bars at his home is accused of fabricating a top secret intelligence programme to divert government funds for personal gain, according to two people familiar with the investigation. David Rush allegedly exploited the agency's secrec

Scotland's residential property market reached a new high in 2025-26, with the total value of sales surpassing the previous peak set in 2007-08, according to the latest Property Market Report from Registers of Scotland (RoS). The total market value of residential sales reached £24.3 billion, u

A decade on from the Brexit referendum, UK Finance has published a report, produced with law firm Freshfields, setting out its vision for the future relationship between the UK and EU in financial services.

The European Central Bank moved to restrict the operations of Revolut's European arm last year, citing concerns over how rapidly the fintech approved new financial products.

Lloyds Banking Group is expanding its use of artificial intelligence across fraud prevention, combining agentic AI with real-time scam detection to protect its 28 million customers. The Bank of Scotland-owner's AI fraud agent was developed by fraud, technology, data and risk specialists using Envoy,

The Cumberland Building Society is pressing ahead with one of the largest investments ever made by a Cumbria-based business. Its latest financial results show that the Society invested £26.3 million in transforming its core technology platform in the year to March, part of a total commitment o

Hero Media & Entertainment, the Glasgow-based media business which owns Scottish Financial News, has acquired KD Media, a live events business behind some of Scotland’s most high profile industry awards and conference programmes. KD Media was founded by Kirsten Speirs in 2003 and its portf

A more cautious and selective approach to buying land is emerging across Scotland’s rural land market, according to a new report published by the Scottish Land Commission.

HSBC UK has provided a Dundee-based manufacturer with over 150 years of heritage a £2.5 million funding package, supporting its transition to employee ownership.

Sam Bankman-Fried, once a dominant figure in the world of cryptocurrencies and now imprisoned for fraud, has applied for a pardon from US President Donald Trump. The 34-year-old former billionaire was handed a 25-year sentence after being convicted of multiple federal charges relating to FTX, the cr

Bank of Scotland-owner Lloyds is collaborating with Stripe to deliver the latest payments technology to small businesses. Stripe’s global payments infrastructure is now integrated into Lloyds’ Business Account through a new suite of tools called Lloyds Accept.

The Financial Reporting Council (FRC) has launched an investigation into PwC's audit of WHSmith, after the accountancy firm signed off accounts later found to have overstated the retailer's revenues and profits. The probe relates to the FTSE 250 retailer's accounts for the financial year ending 2024

Will Wright and James Lumb of Interpath have been appointed joint administrators of Zentia Limited and Zentia Profiles Limited on 8 June 2026, following the collapse of the Gateshead-based manufacturer.

ACCA (the Association of Chartered Certified Accountants) has published its SMP Talent Management Toolkit, a two-part resource designed to help small and medium-sized accounting practices (SMPs) attract, develop and retain the talent they need to serve the millions of small businesses that rely on t

Opportunities for strategic lenders as competitive debt market sees structure become as important as price, according to Savills. At its Scottish Financing Property presentation, Savills revealed that against a backdrop of challenging market dynamics, the debt market remains competitive, with struct