Banking

HSBC Group reported its 2022 Q3 results and subsequently announced the appointment of Georges Elhedery as group CFO and an executive director of the board as well as the appointment of Greg Guyett as chief executive of global banking and markets (GBM). Mr Guyett's appointment is effective

Scottish challenger bank AlbaCo (Alba) has announced the appointment of seasoned banking and financial services executive, Graeme Jones, who the joins the aspiring bank as its new chair. Mr Jones, a qualified Associate of the Chartered Insurance Institute ACII, brings a wealth of experience to the e

The Financial Conduct Authority (FCA) has decided to fine Barclays a total of £50 million in relation to its failure to disclose certain arrangements agreed with Qatari entities as part of its capital raisings announced on 25 June 2008 and 31 October 2008 after finding conduct in the Octo

Britain's biggest banks are expected to report profits of £33 billion when they reveal their third-quarter results next week. The figures from Lloyds Banking Group, NatWest Group, Barclays and HSBC are expected to show their combined profits rising from £25 billion in 2019 to £33 b

Aspiring Scottish business bank AlbaCo (Alba) has announced the appointment of seasoned banking and financial services executive, Graeme Jones, who the joins the bank as its new chair. Mr Jones, a qualified Associate of the Chartered Insurance Institute ACII, brings a wealth of experience to the exi

NatWest has announced the shutting of a further 43 locations across the UK including five of the group's Scottish branches as more banking transactions move online.

The banking and finance industry prevented a further £583.9m of unauthorised fraud from getting into the hands of criminals. UK Finance has called for all action from all sectors as despite a fall in overall fraud losses, some fraud types have increased in the UK.

The Financial Conduct Authority (FCA) has hardened its stance on bank closure, setting additional expectations for lenders that are considering branch or ATM closures. The guidance, which already expects banks to carry out thorough checks on the impact permanent closures will have on customers, has

A new report by Santander has found that a ‘green premium’ based on energy efficiency is emerging in the UK’s property market. The study, Buying into the Green Homes Revolution, which surveyed more than 2,300 UK based homebuyers and owners, estate agents and mortgage brokers,

Barclays is rolling out a new cashback without purchase service, creating thousands of new locations for consumers to withdraw cash for free. This is the first time a UK bank has launched its own cashback without purchase service, made possible by Barclays’ payments franchise and UK retail ban

Chancellor Kwasi Kwarteng has called bank chiefs to Downing Street to address issues with mortgages after uncertainty in the mortgage market led rates to soar to a 14-year high of 6%. The increase in rates also triggered a flurry of mortgage agreements being withdrawn by lenders.

A new report released today by Barclays Corporate Banking reveals that click-and-collect shopping will be worth £2.55 billion in Scotland this year, representing 38.4% of retail income north of the Border. This growth follows the broader national trend, that has seen the click-and-collect econ

Eilidh Mactaggart, the former chief executive of Scotland's state-backed investment bank, The Scottish National Investment Bank (SNIB), was paid more than twice as much as First Minister Nicola Sturgeon. The SNIB's first year results have revealed that Ms MacTaggart received almost £350,000, d

UK private bank Hampden & Co has added to its banking team with the appointment of Kevin Eagles and Alistair Macpherson as banking directors, with Mr Eagles based in London and Mr Macpherson in Edinburgh. Mr Eagles has worked in banking for 33 years in roles with Lloyds Bank, Weatherby’s P

In September, annual house price growth slowed to single digits for the first time since October last year, according to the latest Nationwide House Price Index.