Banking

In September, annual house price growth slowed to single digits for the first time since October last year, according to the latest Nationwide House Price Index.

Business confidence in Scotland rose 10 points during September to 15%, ending three consecutive months of decline, according to the latest Business Barometer from the Bank of Scotland Commercial Banking.

More than one million U.K. customers now bank with Chase, the consumer and commercial banking business of JPMorgan Chase & Co, just 12 months after opening its digital bank in the U.K.

Over ten banks and building societies have removed over 1000 mortgage products and limited other products amid economic uncertainty and fear of an imminent interest rate hike.

TSB has warned of a rise in cost-of-living scams, as accompanying research revealed that a £500 fraud loss would leave three fifths of households struggling to afford food for over a week.

The British Business Bank’s Start Up Loans programme has been expanded in order to provide vital support to Scottish start ups during a challenging economic period. The programme now includes start ups that have been trading for up to three years and second Start Up Loans are now availabl

Citi Group has announced that it is proposing to focus its UK personal banking and wealth management business on select wealth clients, effectively closing down its retail banking services to the general public. This proposal would enable Citi to focus on clients requiring comprehensive advice on ma

Royal Bank of Scotland is offering £175 to new and existing customers switching their main current account to the bank and increasing the interest rate on their Digital Regular Saver account to 5%.

The Bank of England (BoE) has raised interest rates again, from 1.75% to 2.25%, as it attempts to curb rising inflation and return to its standard 2% target. The vote was close as the bank’s Monetary Policy Committee (MPC), by a majority of 5-4, passed the measure to increase the bank rate by

USA banking giant JP Morgan Chase (JPMC) has outlined its long-term commitment to Glasgow as the firm prepares to relocate to its new base in the city centre.

Monese has announced a $35 million (£30.7m) investment by HSBC bringing the total raised by Monese to $208m (£182m).

Virgin Money has announced the appointment of Sarah Wilkinson as COO, consolidating the positions of the bank's outgoing chief digital and innovation officer and chief customer experience officer. Set to join at the start of 2023. Her new role will combine the existing roles of Fraser Ingram, chief

The new chancellor of the Exchequer, Kwasi Kwarteng, is reportedly considering a plan to scrap caps placed on bankers' bonuses. The cap to bankers' bonuses, which limits bonuses to 100% of fixed pay (and can be lifted to 200% under certain conditions), was introduced in 2014 following the global and

Greenwashing has become a 'systemic problem' within UK banks, according to a new survey conducted by Censuswide for Mobiquity, a digital transformation enabler part of Hexaware. The research company surveyed 150 UK banking executives, finding that although 100% of executives say that sustainabi

The Cash Action Group and LINK have announced that 13 new banking hubs will be created in UK, of which four are planned for Scottish communities, providing vital cash and banking services where they are needed most.