Banking

Citi Group has announced that it is proposing to focus its UK personal banking and wealth management business on select wealth clients, effectively closing down its retail banking services to the general public. This proposal would enable Citi to focus on clients requiring comprehensive advice on ma

Royal Bank of Scotland is offering £175 to new and existing customers switching their main current account to the bank and increasing the interest rate on their Digital Regular Saver account to 5%.

The Bank of England (BoE) has raised interest rates again, from 1.75% to 2.25%, as it attempts to curb rising inflation and return to its standard 2% target. The vote was close as the bank’s Monetary Policy Committee (MPC), by a majority of 5-4, passed the measure to increase the bank rate by

USA banking giant JP Morgan Chase (JPMC) has outlined its long-term commitment to Glasgow as the firm prepares to relocate to its new base in the city centre.

Monese has announced a $35 million (£30.7m) investment by HSBC bringing the total raised by Monese to $208m (£182m).

Virgin Money has announced the appointment of Sarah Wilkinson as COO, consolidating the positions of the bank's outgoing chief digital and innovation officer and chief customer experience officer. Set to join at the start of 2023. Her new role will combine the existing roles of Fraser Ingram, chief

The new chancellor of the Exchequer, Kwasi Kwarteng, is reportedly considering a plan to scrap caps placed on bankers' bonuses. The cap to bankers' bonuses, which limits bonuses to 100% of fixed pay (and can be lifted to 200% under certain conditions), was introduced in 2014 following the global and

Greenwashing has become a 'systemic problem' within UK banks, according to a new survey conducted by Censuswide for Mobiquity, a digital transformation enabler part of Hexaware. The research company surveyed 150 UK banking executives, finding that although 100% of executives say that sustainabi

The Cash Action Group and LINK have announced that 13 new banking hubs will be created in UK, of which four are planned for Scottish communities, providing vital cash and banking services where they are needed most.

Two Aberdeen entrepreneurs have secured a £250,000 funding deal from Royal Bank of Scotland to develop cutting-edge robotics and asset inspection solutions for the energy sector through their co-founded business, Innovair Ltd. As a gateway to the North Sea, Aberdeen has long been pivotal in th

NatWest has been ordered to refund £600,000 to over 700 of business customers who were wrongfully charged fees to secure a loan.

Business confidence in Scotland fell 11 points during August to 5%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies across the country reported lower confidence in their own business prospects month-on-month, down 29 points at 3%. When taken alongside

Leaders from the world’s largest financial institutions are to meet in Scotland to discuss progress towards positive global change as the COP26 anniversary approaches. The World Bank, the Bank of England, and major finance and investment firms will be present at the key summit in Edinburgh, in

More than two thirds (63%) of Scottish small and medium-sized enterprises (SMEs) saw revenue increases in the second quarter of this year against 2021, compared to 55% UK wide, according to the latest quarterly Barclays SME Barometer.

Farmers across the UK have seen the costs of running their businesses soar over the past 12 months, with new research from NatWest revealing that 99% have seen at least one routine expense rise above the general UK CPI inflation rate of 9%.