Banking

The number of people who fell victim to a romance scam increased by more than 16% over the last year, according to new data from Lloyds Bank.

Royal Bank of Scotland, under the NatWest Group, has today announced it is launching green loans, and through Lombard, green asset finance propositions for qualifying SMEs, with no arrangement fee, to help them achieve their sustainability ambitions. Following the announcement of the group’s a

NatWest Group has appointed Raghu Narula as managing director, customer engagement & distribution, within its retail banking division. Mr Narula brings a wealth of leadership experience from a career spanning over 20 years at HSBC in Retail, Wealth Management, Commercial Banking and Strategy and

Royal Bank of Scotland is offering £150 to new and existing customers who switch their main current account. New RBS customers can apply to switch to a Select or Reward account. In addition to Select or Reward accounts, existing customers can also switch to Reward Silver, Reward Platinum or Re

Scottish pharmacy group Rightdose Pharmacy has acquired a new store in Liverpool as part of its UK-wide growth strategy, following a seven-figure funding deal from HSBC UK. The Glasgow-headquartered pharmacy group operates six community pharmacies across Scotland and launched an online service in 20

The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.

Barclays has today launched a package of support aimed at boosting small businesses, with the bank set to host masterclasses that will focus on managing cash flow, business growth and support for wellbeing. The classes are open to all small business owners, with national events focused on the hospit

The Cumberland Building Society has announced a six‐figure investment to support a luxury hotel rebrand and refurbishment project in Oban. The Cumberland has financed more than 60% of the acquisition of the hotel in the seaside town of Oban.

The Competitions and Markets Authority (CMA) has written to digital bank Monzo about a breach of the Retail Banking Market Investigation Order 2017 in relation to the bank's monthly maximum charge. This requires banks and building societies to specify, for each Personal Current Account (PCA) product

Barclays has agreed a £22.5 million funding package with Kilchoman Distillery, allowing them to invest in new production facilities and further grow the brand globally. The deal will allow the independent distillery on the island of Islay to substantially increase the production of its famous

Duncan Cockburn, chief executive of One Banks Hub, discusses how the bank is trying to bridge the growing digital divide in Scotland. There used to be three banks on the high street of Kilwinning, a small town in Ayrshire. However, three years ago the last branch, the Royal Bank of Scotland, closed,

Virgin Money, owner of Glasgow-based Clydesdale Bank, has appointed Susan Poot as its new chief risk officer. Ms Poot joins Virgin Money from ING Bank, where she spent over 20 years in a number of commercial and risk roles, the most recent of which was Chief Risk Officer, Retail Banking. In this rol

Specialist lender Cambridge & Counties Bank has further expanded its presence in Scotland with the appointment of Barry Rodger to the role of senior relationship manager for Scotland. Based in Glasgow, Mr Rodger will report to Carl Ashley, regional director, and focus on providing real estate fu

Edinburgh has been listed as one of the least affordable areas to live in the UK in Nationwide's latest Local Affordability Report.

Greater competition in retail banking is driving choice and lower prices for consumers and small businesses, despite the financial impact of the pandemic, according to a new review conducted by the Financial Conduct Authority (FCA).