Banking

Craig Herd, a product analyst at Sainsbury’s Bank based in Cumbernauld, has been named the UK Young Banker of the Year 2023. The prestigious award ceremony took place on 7 December 2023 at London's Mansion House. Initiated in 1987 by the Chartered Banker Institute, the awards honour individual

Edinburgh-headquartered private bank Hampden & Co has appointed Claire Mann as the head of client proposition. Ms Mann, with her extensive background in private banking and client relationship management, is set to lead the bank's client relationship management (CRM) programme. This strategic mo

Clydesdale Bank-owner Virgin Money, headquartered in Glasgow, has revealed a strategic investment of £130 million in artificial intelligence (AI) and new technologies aimed at bolstering its defences against cybercrime and securing the future of the business.

RBS-owner NatWest Group has announced the closure of its prominent RBS branch on Glasgow's Sauchiehall Street, adding to the spate of bank shutdowns throughout the UK, with 18 additional NatWest branches slated to close south of the border.

Alba Bank has taken a significant leap in bolstering the SME sector by integrating nCino's cloud banking platform. As a secure cloud-based solution, the nCino Cloud Banking Platform will help to ensure Alba has a streamlined end-to-end lending process from loan application to fund disbursement. As A

Unity Trust Bank has appointed Dawn Morris to the new role of deposits relationship manager for the North & Scotland to help develop the bank’s growing customer portfolio. Bringing over three decades of banking experience to the role, Ms Morris will work with new and existing day-to-day ba

The UK banking sector has made a substantial £41 billion contribution to the government's tax receipts in the financial year ending March 2023, according to a report by UK Finance and produced by PwC.

Two fifths (40 per cent) of Scottish corporate retailers opted to display festive themed goods earlier in the year, according to new findings from Barclays.

The latest Royal Bank of Scotland PMI survey signalled a second monthly deterioration in private sector activity during October. Moreover, the headline Scotland Business Activity Index - a measure of combined manufacturing and service sector output - fell to 46.5 from 49.3 in September, indicating t

It has been revealed that the former CEO of RBS-owner NatWest Group, Dame Alison Rose will forfeit the majority of her £10 million potential payout following the scandal involving the closure of Nigel Farage's account at the bank's subsidiary, Coutts. Ms Rose, who resigned in July after b

Digital bank Monzo has progressed to advanced discussions regarding a funding round of over £300 million.

Scotland's banking sector has unveiled a plan to ensure that every resident in Scotland is offered the opportunity to own a basic bank account.

Royal Bank of Scotland-owner NatWest's share price took a sharp dive, marking their most significant drop since the Brexit referendum, following the bank's lowered profit forecast for the year. This decline was further compounded by the release of a highly scrutinised report by Travers Smith law fir

NatWest Group has published the key findings and recommendations from Phase I of the Travers Smith independent review. The review was commissioned by the board in July and covers the decision to close the Coutts accounts of Nigel Farage (Review 1) and the circumstances surrounding a potential breach

The second round of applications to receive funding from the Scottish Building Society Foundation has now closed, with charities across Scotland awaiting to see if they are successful. In the last round of funding, nine successful charities from across Scotland were chosen to receive grants to the c