Banking

Barclays UK has sealed a deal to acquire Edinburgh-headquartered Tesco Bank's retail banking business for an initial £600 million.

HSBC has been slapped with a £57.4 million fine by the Bank of England's Prudential Regulation Authority (PRA) for "serious failings" in safeguarding customer deposits over a seven-year period from 2015 to 2022. This marks the second-largest fine ever imposed by the PRA. The initial fine 

Lloyds Banking Group is set to cut approximately 1,600 jobs across its branch network as part of a strategic overhaul driven by the increasing trend of online banking. The restructuring initiative, affecting Lloyds, Halifax, and Bank of Scotland, aims to adapt to changing customer preferences and en

Edinburgh-based charity, Bank of Scotland Foundation, has announced the launch of its new five-year strategy - 'Building a Brighter Future for Scotland'. The strategy aims to fund, support and champion small and local charities that work towards improving the quality of life for some of Scotland's m

The COVID-19 pandemic has significantly accelerated the shift towards online banking in the UK, with a notable decline in physical visits to bank branches, according to new research from KPMG.

Business confidence in Scotland fell ten points during December to 31%, according to the latest Business Barometer from Bank of Scotland Commercial Banking.

Royal Bank of Scotland is joining forces with Social Bite to host a Christmas dinner for people who’ve experienced homelessness.

Craig Herd, a product analyst at Sainsbury’s Bank based in Cumbernauld, has been named the UK Young Banker of the Year 2023. The prestigious award ceremony took place on 7 December 2023 at London's Mansion House. Initiated in 1987 by the Chartered Banker Institute, the awards honour individual

Edinburgh-headquartered private bank Hampden & Co has appointed Claire Mann as the head of client proposition. Ms Mann, with her extensive background in private banking and client relationship management, is set to lead the bank's client relationship management (CRM) programme. This strategic mo

Clydesdale Bank-owner Virgin Money, headquartered in Glasgow, has revealed a strategic investment of £130 million in artificial intelligence (AI) and new technologies aimed at bolstering its defences against cybercrime and securing the future of the business.

RBS-owner NatWest Group has announced the closure of its prominent RBS branch on Glasgow's Sauchiehall Street, adding to the spate of bank shutdowns throughout the UK, with 18 additional NatWest branches slated to close south of the border.

Alba Bank has taken a significant leap in bolstering the SME sector by integrating nCino's cloud banking platform. As a secure cloud-based solution, the nCino Cloud Banking Platform will help to ensure Alba has a streamlined end-to-end lending process from loan application to fund disbursement. As A

Unity Trust Bank has appointed Dawn Morris to the new role of deposits relationship manager for the North & Scotland to help develop the bank’s growing customer portfolio. Bringing over three decades of banking experience to the role, Ms Morris will work with new and existing day-to-day ba

The UK banking sector has made a substantial £41 billion contribution to the government's tax receipts in the financial year ending March 2023, according to a report by UK Finance and produced by PwC.

Two fifths (40 per cent) of Scottish corporate retailers opted to display festive themed goods earlier in the year, according to new findings from Barclays.