Banking

RBS-owner NatWest Group has agreed to buy a significant portion of Sainsbury's banking business. The banking group will acquire approximately £2.5 billion of gross customer assets, comprising £1.4bn of unsecured personal loans and £1.1bn of credit cards balances, together with appr

Nationwide Building Society members are being asked to approve a new pay deal for chief executive Debbie Crosbie, potentially tripling her maximum long-term bonus to £3.42 million. The proposal comes after Ms Crosbie's plan to acquire Virgin Money UK for £2.9 billion, significantly incre

Virgin Money, set to be acquired by Nationwide Building Society in a deal worth £2.9 billion, reported a half-year pre-tax profit of £279 million.

Starling Group, has marked its third consecutive year of profitability, posting a 54.7% surge in pre-tax profits to £301.1 million for the year ending 31 March. Revenue at the group – which comprises challenger bank Starling Bank, Engine by Starling and Fleet Mortgages – also saw a

Aberdeenshire’s Skoff Catering, a family-run food firm from Dyce, is set for expansion following six-figure funding from Royal Bank of Scotland.

Nearly nine in ten (87%) 16-24 year olds have a savings account – more than any other age group, according to new data from HSBC UK.

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