Banking

The Competition and Markets Authority (CMA) has ordered Monzo to comply with banking rules. This latest action by the CMA comes after Monzo breached the Retail Banking Market Investigation Order between May 2021 and March 2022.

Lloyds group has reported a pre-tax profit of £3.7 billion for the first half of 2022, a result that beat expectations.

Clydesdale Bank owner Virgin Money has announced a new credit card product that will allow customers to buy now, pay better.

The Competition and Markets Authority (CMA) has taken action against Royal Bank of Scotland-owner NatWest for breaking parts 2 and 10 of the Retail Banking Order 2017. The CMA wrote a letter to the banking giant, which has agreed to take action to put things in order for customers.

Starling Bank has reported a pre-tax profit of £32.1 million in its first full year of profitability. £32.1m pre-tax profit for the financial year ending 31 March 2022 comes after a pre-tax loss of £31.5m for the previous period to 31 March 2021. Revenue for the same period to 31 M

A Freedom of Information request to the British Business Bank by Purbeck Personal Guarantee Insurance, has revealed that one in ten firms who borrowed money under the Bounce Back Loan Scheme (BBLS) are in arrears by over ninety days, with £29.357 owed in total.

Paisley-based specialist child and youth care charity Kibble, has received £34,586 of funding from Nationwide to support and prepare those in, or working towards, independent living. The Nationwide Community Grants funded programme is helping prepare young people for independent living, and su

Clydesdale Bank owner Virgin Money has informed the majority of its staff that they will receive a one-off payment of £1000 in their August pay to help ease their financial pressures in light of the rising cost of living.

About one in eight of the 1.5 million small businesses in the UK who were encouraged to take out loans under the COVID-19 Bounce Back Loan Scheme have fallen into arrears on their repayments.

A derelict brownfield site in the west of Edinburgh is to be transformed into a multi-purpose country park and leisure facility with £26 million backing from the Scottish National Investment Bank (SNIB) The Wavegarden Scotland redevelopment of the disused Craigpark Quarry near Ratho will see t

Clydesdale Bank owner Virgin Money has  partnered with Superscript, the insurtech scale-up, to provide its business banking customers with customisable, flexible, subscription-based business insurance.

East Kilbride-based e-commerce business Dimensions Scotland has secured £522.5,000 from HSBC UK to purchase a new warehouse after demand for its services grew significantly during the pandemic. Dimensions partners with its customers by providing outsourced storage and order fulfilment services

The Financial Conduct Authority (FCA) has told banks they must treat small business customers fairly when collecting and recovering debts.

Scotland’s private sector economy remained in expansion territory for the sixteenth month running during June, according to the latest Royal Bank of Scotland PMI data, but growth momentum eased for the second straight month. The seasonally adjusted headline Royal Bank of Scotland Business Acti

The latest upturn in permanent staff appointments throughout June was the softest in 16 months, according to the latest Royal Bank of Scotland Report on Jobs survey.