Banking

Andrew Bailey has claimed forging closer ties with the EU would boost growth as he backs the Prime Minister's plans. The Governor of the Bank of England stressed he remained politically neutral on Brexit before highlighting that less friction with nearby trade partners would inevitably help the econ

Morgan Stanley and JPMorganChase were among the winners at this year’s Scotland Women in Technology Awards. Boluwatife Omosowon, a software engineer at JPMorganChase, took home the Rising Star Award, while Nicolette Robinson, an executive director at Morgan Stanley, won the Female Innovator Aw

Transactions and other services depend on relationships. A business lunch gives you space to ask another question, explore an idea and find common ground, away from the formal meeting agenda. For professionals meeting in Glasgow, The Superlative Collection brings together a choice of centrally locat

Clear Bank co-founder has raised £5m for his new dedicated financial and digital infrastructure for the sport economy. SPORTA is aiming to become the UK's first sports bank. It received the the follow-on investment from the Lazaroo-Hood Group.

Jim McColl has stepped down from the board of Alba Bank which he set up to finance small and medium sized businesses. The accountant who turned Clyde Blowers into an engineering force before taking control of Ferguson Marine, created the Scottish challenger bank in 2018.

Christine Lagarde is to stand down as president of the European Central Bank (ECB) in February, one year before her term finishes. Lagarde has held the role, one of the most important in global monetary policy, for more than seven years.

Lloyds Banking Group is finally reaping the rewards of its transformation over the past five years as the lender reported a near doubling of pre-tax profits over the third quarter to £2.3bn. The FTSE 100 lender also reported a 42% rise in profits to £6.6bn in the first nine months to Sep

Crypto firm Zumo has signed an agreement with Quantum Chain to build digital asset services designed to withstand future quantum computers. The memorandum of understanding aims to support quantum-safe digital currency and asset management for central banks, banks and regulated financial institutions

Morningstar DBRS has said the Chancellor’s decision to double the bank surcharge to 6% will be “manageable” for the sector, though UK-focused lenders will feel the greatest impact. The credit rating agency said the decision to increase the Bank Corporation Tax Surcharge from 3% to

Sandy Begbie has blasted Chancellor John Healey over the temporary increase in the bank surcharge announced in his maiden Budget, warning it prioritised short-term politics over the UK’s long-term economic health. The chief executive at Scottish Financial Enterprise acknowledged the "tough tas

Chancellor John Healey has described his maiden Budget as one for “working people”, delivered through “fiscal discipline giving Britain breathing space on the cost of living”, as he looked to banks to temporarily fund the energy support measures. Mr Healey confirmed that bank

Santander UK has told shareholders to expect more “efficiencies” this year after its profits slipped in the first nine months of the year, due to a drag from motor finance and restructuring costs. The group revealed a £179m increase in its motor finance provisions, booked in the fi

The Scottish National Investment Bank (SNIB) has appointed Richard Hope, Dr James McCourt and Lynne Rennie-Smith as non-executive directors to its board. The appointments were made by the Scottish Government’s Cabinet Secretary for Economy, Tourism and Transport, Stephen Flynn MSP, ahead of th

Chancellor John Healey will abandon his predecessor Rachel Reeves’ “car crash” ISA reforms in his maiden Budget later today, according to reports. The Chancellor will reverse the decision to cut the Cash ISA allowance from £20,000 to £12,000, which was set to come into

Economists have predicted that John Healey’s first-ever Budget will likely omit clear plans to reform taxes, curb the welfare bill and boost defence spending, in a move that would kick “tough decisions into the long grass”. Mr Healey is expected to delay several major financial dec