Banking

Lloyds Banking Group has completed its £1.75bn share buyback programme, purchasing 1,712,662,647 ordinary shares ahead of the year-end 2026 deadline originally set out when the programme was announced. The buyback was managed by Goldman Sachs International between 30 January 2026 and 24 Septem

LendInvest has completed a £265m securitisation backed by 1,240 UK prime buy-to-let mortgages, its eighth transaction under the Mortimer programme and a further source of funding for future lending. The Mortimer 2026-1 transaction, which includes £35m of pre-funding, attracted strong dem

UK Banks have completed their first live transaction with customers using tokenised Sterling deposits, marking a major milestone for payments innovation in the UK. Tokenised deposits are digital representations of traditional commercial bank money. UK Finance, the trade association for the financial

The British Business Bank and NatWest (RBS) are investing alongside HSBC and M&G in venture capital firm Phoenix Court. The investment is the latest move to get more capital into promising young businesses.

Financial services firms have shut down hundreds of thousands of suspected money mule accounts but need to do more as criminals continue to shift dirty money through multiple bank accounts, according to the Financial Conduct Authority (FCA). The FCA found in a survey that firms have closed

Monzo has launched a new auto-investing cashback credit card following a surge in demand for tools that turn routine money saving habits into long-term financial progress. The fintech claims to have save more than £1.43bn for customers via its automated round-up tool since 2018, with £26

Pepper Money has launched in Scotland, describing its role as rehabilitating borrowers who fail high street credit scoring so they can move back to mainstream lenders. The specialist lender opened for business to brokers on Monday at an event at The Exchange in Glasgow, the first of three Scottish s

Nigel Green has claimed that the UK could be “Truss’d” in a stark warning as gilt yields surge, drawing comparisons with the market turmoil that followed Liz Truss’s mini-budget in 2022. The chief executive of deVere Group, one of the world’s largest independent financi

Chancellor John Healey faces a £3.5bn borrowing overshoot in August ahead of his inaugural Budget. The government was expected to borrow around £14.8bn in August, according to the OBR, while the market consensus was around £15.6bn. Actual borrowing reached £18.3bn.

City bosses have called on ministers to simplify Britain's "byzantine" tax system, as it raised concerns over a potential tax grab on financial services. Fear is growing within the private sector that Chancellor John Healey is planning to use his inaugural Budget next month to launch another raid.

Almost half (47%) of Scottish adults who do not own their own home believe they will never be able to, according to a new report from specialist lender Pepper Money. The findings highlight the barriers facing aspiring homeowners in Scotland, particularly those who are self-employed, have variable in

J3 Advisory has appointed Evan Griffin as managing director of debt advisory, to strengthen its finance capabilities for developers and investors in Scotland. Griffin joins from Pluto Finance, where he was lending director. He brings more than 20 years’ experience in banking and property finan

First Minister John Swinney will deliver the keynote address at the largest-ever Scottish Financial Services Awards next month, as leaders from across Scotland’s financial and professional services industry gather for the event. The Scottish Financial Services Awards, sponsored by EY, will tak

Scotland's financial services sector has hit a "tipping point" on tax divergence, according to Sandy Begbie, chief executive of Scottish Financial Enterprise stating hybrid working has removed the practical need for new recruits to live in Scotland at all. "We believe we've now got to a point at a t

Triodos Bank UK has appointed Greig Blackie as a senior relationship manager to focus on financing nature based solutions in its business lending team. Mr Blackie has more than a decade of experience across infrastructure finance, sustainable investment and natural capital. His career has included f