Banking

The Cumberland Building Society is embarking on major investment as it promises to offer banking services that are "kinder to people and planet". The pledge comes in its annual report, published today, which underlines its position as the region's leading mortgage and savings provider.

Business confidence in Scotland rose 14 points during May to 42%, the highest reading since June 2021, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down three point

The Scottish National Investment Bank (SNIB) has spent £1750,000 in recruitment fees after it hired London-based Spencer Stuart to help it find a new chief executive after Eilidh Mactaggart resigned earlier this year. Scottish Financial News reported in February that Ms Mactagagrt resigned, wh

Over three fifths (68%) of small and medium-sized businesses (SMEs) in Scotland are expecting to see revenues rise this quarter when compared to the same period last year, according to the latest quarterly Barclays SME Barometer. On average, Scottish SMEs expect to see a 10.4% rise between the month

Revolut Business, the business banking app run by the challenger bank, is launching ‘Spend Management’, a new suite of solutions to help CFOs and controllers manage their teams’ spending.

The ClearScore Group has announced plans to create 100 new jobs in Edinburgh through the launch of an Open Banking centre of excellence in the city. Over the next few years, the group plans to employ over 100 new members of staff, including developers, data engineers, data scientists and product and

Almost a quarter (24%) of Scottish small or medium-sized enterprises (SMEs) have seen the number of late payments they receive increase since the cost of living has gone up, according to new research from Barclays.

The UK’s small businesses will be run by personal avatars by 2050 thanks to powerful advances in artificial intelligence (AI) in the coming decades, according to a new futurology report commissioned by Virgin Money, owner of Glasgow-based Clydesdale Bank.

US investment bank Goldman Sachs has revealed that its senior staff will be allowed to take as much holiday as they want. Under the bank's new "flexible vacation" plans, there will be no limit on paid leave.

Edinburgh-based private bank Hampden & Co has appointed Hannah Berridge as head of professional partnerships. Based in London, Ms Berridge reports to chief commercial officer, Andrew Bell.

Yesterday, staff from Bank of Scotland-owner Lloyds Banking Group (LBG) held a demonstration outside the Group’s Annual General Meeting (AGM) in a pay dispute with the bank. Unite the Union members are angry that the 2022 pay arrangement has left many low paid bank workers fearing for their ec

The start of the second quarter saw a further marked increase in hiring activity across Scotland, according to the latest Royal Bank of Scotland Report on Jobs survey. That said, the seasonally adjusted Permanent Placements Index slid from 71.7 in March to 65.0 in April, to signal the softest increa

The Scottish National Investment Bank (SNIB) has committed £9 million to fund the development of Circularity Scotland Limited, to help people recycle billions of single-use drinks containers every year. The Bank’s investment was key to securing an additional £9m capital from Bank o

The Scottish National Investment Bank (SNIB) has a key strategic part to play in helping to deliver Scotland’s low carbon heating systems. A new insight paper, ‘Scotland’s transition to net zero heat’ released today sets out the bank’s role in tackling the issue and bui

According to the Scottish National Investment Bank (SNIB), the first full year of operations for the Scottish Government-owned bank has been one of significant progress. According to the lender, the bank’s team has been substantively recruited, many of its operational systems have been put in