Banking

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.

Business confidence in Scotland rose 10 points during September to 15%, ending three consecutive months of decline, according to the latest Business Barometer from the Bank of Scotland Commercial Banking.

More than one million U.K. customers now bank with Chase, the consumer and commercial banking business of JPMorgan Chase & Co, just 12 months after opening its digital bank in the U.K.

Over ten banks and building societies have removed over 1000 mortgage products and limited other products amid economic uncertainty and fear of an imminent interest rate hike.

TSB has warned of a rise in cost-of-living scams, as accompanying research revealed that a £500 fraud loss would leave three fifths of households struggling to afford food for over a week.

The British Business Bank’s Start Up Loans programme has been expanded in order to provide vital support to Scottish start ups during a challenging economic period. The programme now includes start ups that have been trading for up to three years and second Start Up Loans are now availabl

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