Banking

The Scottish Building Society, the world’s oldest remaining building society, has posted record results for the financial year ended 31 January 2022. Established in 1848, the mutual has seen its balance sheet grow by nearly 40% in the last two years, leading to a pre-tax profit of £2.4 m

Target Healthcare’s growth plans have received a healthy boost via a £20 million funding package from Santander UK. The funding provides the Glasgow-headquartered pharmaceutical manufacturer and supplier with working capital in support of its plans to grow organically and through acquisi

Businesses are being urged to stay vigilant when paying their bills or changing supplier, as new data from Barclays reveals that in the last three months, fraudsters stole the most money from SMEs through invoice scams.

Shares in Barclays dropped by 2.4% to 156.5 pence per share after one of the bank's biggest shareholders sold a stake worth around £900 million. The unidentified investor offloaded a stake of about 3.6% within a day of Barclays revealing a multi-billion-pound error that has been labelled by an

Royal Bank of Scotland-owner NatWest Group has announced a £1.2 billion directed buyback of 550 million shares from HM Treasury. The banking giant has agreed with the Treasury to make an off-market purchase of 549,851,147 ordinary shares in the company with a nominal value of £1 each at

JP Morgan's digital arm Chase has launched a new saver account which offers savers a rate of 1.5%.

Royal Bank of Scotland owner NatWest Group has informed its shareholders they will have the opportunity to have a Say on Climate at its AGM next month through the bank’s first climate resolution. The bank is asking its shareholders to give their support to its strategic direction on climate ch

Lloyds Banking Group has announced that it will close a further 60 branches across the UK. The lender said it would close 24 Lloyds Bank branches, 19 Bank of Scotland branches and 17 Halifax branches as customers continue to move towards online and mobile banking.

A total of 87% of UK SMEs are unaware of their business’s total carbon emissions, despite good intentions, with almost half (45%) of UK SMEs recognising it is important to lower their emissions in the near future, according to new research published by NatWest. These stark statistics follow Na

The Bank of England has increased the interest rate for the third time in four months, with rates rising from 0.5% to 0.75%. The increase means that rates are now at their highest level since March 2020, when COVID-19 lockdowns were first implemented.

HSBC UK has revealed that it will close 69 branches across the UK, including two in Scotland. The two Scottish branches set to close are in Perth on 26 July, and in Inverness on 27 September.

Bank of Scotland owner Lloyds Banking Group and FinTech Scotland have launched three new strategic innovation challenges.  The duo has opened the second cohort of its Launch Innovation Programme, which invites fintechs from all over the world to take part. 

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