Banking

The Scottish National Investment Bank (SNIB) has partnered with Black Professionals Scotland (BPS) to support Black ethnic minority professionals across Scotland. The Bank will work to provide greater professional opportunities for individuals within the Black community through its partnership with

Fintech and Financial organisations have come together so that financial data can inform the COVID Recovery. Sage, Equifax UK, Moneyhub and FreeAgent have followed NatWest in supporting the Scottish-based Smart Data Foundry to open finance for good.

As the country begins to look at life beyond the pandemic, new research from Royal Bank of Scotland has revealed that nearly half (42%) of young people surveyed in Scotland view spending money on fun as more of a priority post-lockdown. Despite the renewed sense of freedom and recent relaxation of r

The Bank of England has launched a consultation on whether to scrap affordability rules for mortgage lending. In 2014, the bank's Financial Policy Committee (FPC) introduced two Recommendations to guard against a loosening in mortgage underwriting standards and a material increase in household indeb

Equity investment in Scotland's smaller businesses reached £403 million by the end of 2021's third quarter, more than double the same period in 2020, according to new research from the British Business Bank. Total investment values increased by 141% compared to the first nine months of 2020 an

Key players in the financial services industry are re-evaluating their approach to growth and battling for the best talent, according to a new ‘State of the Industry’ report from Barclays Corporate Banking.

Eilidh Mactaggart, chief executive officer, of the Scottish National Investment Bank (SNIB) has resigned. The bank has announced that Sarah Roughead will act as CEO with immediate effect whilst the board initiates a process to find a new, permanent CEO.

The Financial Conduct Authority (FCA) has fined Barclays Bank £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s sole banker in the UK.

Bank of Scotland owner Lloyds Banking Group has posted statutory profits after tax of £5.9 billion in 2021. The group has highlighted a 'solid' net income of £15.8bn, up 9% for the year, with an underlying net interest income of £11.2bn. Underlying other income has also increased b

NatWest Group has reported an operating profit of £4 billion in 2021. This is a substantial increase from the loss of £351 million in 2020. Across the whole banking group, the operating profit reached £4.3bn.

The number of UK sectors reporting output growth rose in January as supply conditions improved, according to the latest Lloyds Bank UK Recovery Tracker. However, businesses continued to face significant cost inflation, which translated into a record uptick in selling prices among service sector firm

The NWH Group, a Dalkeith-based recycling firm, has welcomed a £19 million funding package from the Royal Bank of Scotland, as it underlines its commitment to sustainable operations.

Cynergy Bank has reached a lending milestone having grown to £3bn by continuing to support SME’s, property entrepreneurs and homeowners. The bank reached the milestone figure at the beginning of 2022 against a backdrop of two years of economic uncertainty caused by the pandemic.

Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu; an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances. Revenu allows TSB’s business clients to collect customer payments from req

NatWest has announced a major new partnership intended to further its efforts to help young people to thrive and reach their goals sooner. NatWest and Marcus Rashford are working together to co-create a programme designed to support young people in communities across the UK to learn about and develo