Banking

The Scottish Building Society has reaffirmed its commitment to Scotland's high streets by unveiling its revamped Galashiels relationship centre on Bank Street, part of a nationwide investment in its physical branches. CEO Paul Denton joined staff and local members in celebrating the refurbishment, w

Over 8,000 Royal Bank of Scotland bank staff could lose tens of thousands of pounds in inflation-secured pension payments due to what has been labelled an executive 'error'.

According to the latest Royal Bank of Scotland PMI data, the Scottish private sector saw a second successive monthly rise in business activity, with underlying data showing quicker growth across both the manufacturing and service sectors.

Carlos Abarca, former chief information officer (CIO) at TSB Bank, has been personally fined £81,620 in an unusual move by the Bank of England's Prudential Regulation Authority (PRA) for inadequately managing an IT migration that led to massive disruptions for millions of customers.

Governor Andrew Bailey has revealed that the Bank of England is contemplating reforms to the UK's bank deposit insurance guarantee scheme, which may result in increased protection for customers.

Hampden & Co delivered its first full year profit in 2022, driven by strong income growth and client service. Total income for the year was £23 million, up 73% year-on-year, with the bank posting a pre-tax profit of £2.0m. Post-tax, reflecting a deferred tax credit, the bank achieved

The Bank of England's governor, Andrew Bailey, has downplayed the possibility of an impending financial crisis, characterising the recent sell-off of European bank stocks as investors "evaluating" lenders and asserted that the global financial landscape is not in the same position as before the 200

Unite the Union has revealed that the UK's four big banks, how banks have already made billions in extra profit from interest rate rises.

Unity Trust Bank has announced its annual results for 2022, with nearly half (43%) of new lending being made to organisations based in areas of high deprivation. The financial strength of Unity was illustrated during 2022 with a further increase in lending, profitability and customers.

Edinburgh-headquartered private bank Hampden & Co has appointed John Glanville as a banking director in its London office. He will report to Mark Prentice, head of banking, and will work alongside the banking teams in Edinburgh and London.

HSBC's UK ring-fenced subsidiary, HSBC UK Bank plc, has acquired Silicon Valley Bank UK Limited (SVB UK) for £1 after the bank's US parent company collapsed on Friday.

Scotland’s first bank solely dedicated to small and medium sized business lending, AlbaCo, has been granted a banking licence by the UK Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA). Founded in 2018 with its headquarters in Glasgow, Alba was Authorised with Re

Adam & Company, the specialist Scottish wealth manager, has expanded its leadership team with two new roles as it relaunches the highly regarded 40-year-old brand from new offices on Princes Street in Edinburgh. Tim Wishart has been appointed head of strategy and development. He joined the team

Business confidence in Scotland rose four points during February to 14%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

The UK government has further reduced its shareholding in Royal Bank of Scotland-owner NatWest Group.