Banking

HSBC has launched a new service giving novice investors targeted digital support. The international bank received authorisation from the regulator last month to launch the scheme. It was officially launched on 29 October.

Millions of users and businesses, including those in financial services, have been affected by Microsoft’s global outage. Users in as many as 74 countries and territories are unable to access their emails and other programmes, including Microsoft 365, Outlook, Teams and other cloud-based produ

Scottish businesses have already borrowed up to £240m under the British Business Bank's Growth Guarantee Scheme, as it expands funding to include companies with a turnover of up to £54m, up from £45m. In Scotland, 1,523 businesses have already benefited, with as much as £

The chief executive of banking software supplier SBS says AI agents capable of making live decisions will be available to its UK building society clients by next summer, but warns that institutions’ willingness to hand over control will move more slowly than the technology. Eric Bierry said SB

Sandy Begbie has said he is “humbled” to have been recognised with an honorary degree from Abertay University for his contribution to business. The outgoing chief executive of Scottish Financial Enterprise (SFE) admitted he “couldn’t have imagined” receiving an honorary

Barclays has opened a new office in Riyadh, the capital of Saudi Arabia, despite rivals scaling back operations in the Gulf, due to the war in the Middle East. The UK-headquartered bank announced that the office, located in the city’s financial district, is part of its plans to expand its busi

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