Banking

Digital bank Monzo has announced its first-ever annual profit, driven by higher interest rates and increased income from transaction fees and subscriptions.

The Co-operative Bank brand could disappear from UK high streets amid its acquisition by Coventry Building Society for £780 million.

The Financial Conduct Authority (FCA) has imposed a £6,280,100 fine on HSBC, adding to the already £185 million that the bank has paid out in compensation to 1.5 million customers.

Government plans to launch an offering of NatWest shares to the general public have been derailed by the imminent general election.

Unity Trust Bank, which supports organisations to deliver positive social impact, has been named by The Sunday Times in its annual Best Places to Work Awards. The list recognises and celebrates the UK’s best employers, based on feedback from employees and an independent assessment of six key a

TSB has announced a further 10 branch closures across Scotland, as part of a larger operational overhaul comprising 36 bank branches closures and 250 job cuts.

NatWest has recently made waves by facilitating its first "mass market" commercial loan backed by intellectual property (IP).

NatWest Group, has announced a significant dip in first-quarter profits, reflecting challenges across the banking sector as interest rates settle.

Bank of Scotland-owner Lloyds Banking Group has reported a pre-tax profit of £1.6 billion for the first quarter of 2024, marking a 28% decrease from the same period last year when it reported £2.3bn in profits. This decline follows the banking giant's record-breaking annual pre-tax profi

The Scottish National Investment Bank (SNIB) has committed a further £20 million to the mid-market rent strategy managed by Thriving Investments, the social value and ESG-focused real estate fund manager. The bank’s follow-on investment will support the development of up to 100 new homes

Coventry Building Society has reached an agreement for a potential acquisition of The Co-operative Bank. The deal, valued at up to £780 million, follows exclusive talks between the two entities since mid-December. Pending definitive agreements, the acquisition is poised to reshape both institu

Ahead of the UK's biggest lenders reporting first quarter results, research from KPMG UK has shown that while banking executives in Scotland are optimistic about overall business growth and profitability in the quarter, inflation, interest rates and cost pressures are the biggest challenges that co

The Royal Bank of Scotland (RBS) has revealed plans to close a further 18 out of its 86 branches, including three in Edinburgh.

Edinburgh-based private bank Hampden & Co has experienced a nearly 20% increase in new client numbers during the financial year 2023, reaching a record high of 5,598. Client growth was driven by demand for personalised banking and bespoke lending following introductions from existing clients, pr

Leith-headquartered Castle Community Bank has reported a year of strong growth for 2023 at its AGM, with total membership figures up to over 46,000 in September. Chief executive Adrian Sargent said: “I’m proud of our team, and the growth that we have achieved this year.