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The Financial Conduct Authority (FCA) has today confirmed it is introducing reforms to fix what it says is "a dysfunctional overdraft market" that will mean banks and building societies will no longer be allowed to charge fixed daily or monthly fees for overdrafts. The City watchdog said he changes

Permanent placements in Scotland's labour market rose during May amid declines across the UK as a whole, according to the latest Royal Bank of Scotland Report on Jobs.

Fife fintech company PaySend has been valued at £125 million in a new crowdfunding campaign that launched today with platform Seedrs. After being founded less than two years ago, Kirkcaldy-based PaySend's drive is aiming to raise £4.26 million for a 3.3 per cent stake in the co

Over two fifths (44 per cent) of adults in Scotland are worried about their current level of personal debt, a new survey of over 2,000 British adults by insolvency trade body R3 in Scotland and ComRes has found. This is notably higher than in April last year, when 35 per cent of adults in Scotland s

The Financial Conduct Authority’s (FCA) overhaul of the peer-to-peer (P2P) lending sector risks changing the origins of the industry and could mean institutional investors dominate the market, Orca Money, the Edinburgh-based peer-to-peer investment aggregator and analyst, has warned. Iain

Research published for HMRC on 17 May 2019 has found that half of people gifting either money or assets were not aware of the rules and exemptions around Inheritance Tax (IHT). Of the 2090 individuals surveyed, only 45 per cent were aware of the tax implications around making gifts. Older, wealthier

Scottish farmed salmon is again the UK’s largest food export after the first quarter of 2019 saw Scottish producers sell £206.5m to overseas buyers, as demand for the fresh product strengthened.

Retail jobs on Scotland’s high streets fell 8.6 per cent over the period 2012 to 2017, data from the Office for National Statistics has revealed.

Online retail giant Amazon is in the process of developing a new piece of wearable tech with a voice-activated capacity to recognise human emotions via a variety of signals, Bloomberg has reported.

The proposed Scottish Stock Exchange, due to launch later this year, is to locate its headquarters at 39 George Street, Edinburgh, having signed an initial four year lease with Crown Estate Scotland for 7,800 sq. ft (725 sq. m) of office accommodation. Project Heather, the team assembled to establis

Talks are underway between Standard Life Aberdeen’s national advice arm 1825 and Grant Thornton to acquire the global accountancy firm’s advice business for £30 million. According to Sky News, Edinburgh-based 1825 would take ownership of 30 new IFAs following a deal.

Financial and related professional services output (GVA) in Scotland grew by 2 per cent (up £256m) between 2016 and 2017. This compares to slower growth in London and the South East, at 1.6 per cent (up by £1,347m) and 0.8 per cent (up by £160m) respectively in the same period

Southern Scotland is to get its own enterprise agency after all parties in Holyrood backed the bill to establish the body at its final stage.

Insurance giant Aviva, which employs 2,500 staff across hubs in Perth and Bishopbriggs, has today announced plans to cut 1,800 jobs across its operations worldwide over the next three years in a cost cutting and restructuring drive. The company said it is targeting costs savings of £300m a yea

UK consumers are taking a ‘pick n mix’ approach to how they make payments, with mobile banking, mobile payments and contactless all becoming increasingly popular, research by UK Finance has revealed.