Financial

Financial

Social Investment Scotland racks up 15 years of growth

Social Investment Scotland (SIS), the lender to the third sector, today marked its 15th anniversary with an unbroken track record of growth.

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Professor Atul K Shah says ethics, culture and business education remain under-prioritised in financial services. Picture: John Devlin

Professor urges Scots finance sector to go back to its roots

A financial services academic who has written a book on the collapse of HBoS hopes it will help drive greater focus on culture and ethics in an industry in “urgent” need of practice reform.

Financial
Ross McEwan, chief executive of RBS, Picture: Peter Macdiarmid/Getty Images

RBS boss vows to challenge ‘too white and male’ boarrooms

The chief executive of Royal Bank of Scotland has pledged to help tackle a lack of diversity in British boardrooms by combating a “too white and too male” culture.

News
Royal London chief executive Phil Loney. Picture: Contributed

Royal London raises fears over rush to access pensions

Life and pensions group Royal London has raised concerns that people reaching retirement are rushing into “income drawdown” products without taking financial advice.

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PwC has been handed a record fine by the Financial Reporting Council. Picture: Matt Cardy/Getty Images

Martin Flanagan: PwC fine shows auditors are in firing line

Rightly or wrongly, many believe the accountancy profession has been Teflon-coated in they way it has seemingly got off from so many company financial scandals down the years.

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'Banks are not as far advanced as we would like them to be,' said ECB supervisor Sabine Lautenschlaeger. Picture: Bertrand Langlois/AFP/Getty Images

British banks ‘behind schedule’ in post-Brexit preparations

British-based banks seeking to relocate some operations to the EU before Britain quits the single market are behind schedule in their preparations for the move, a European Central Bank (ECB) supervisor has warned.

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Picture: John Devlin

ABL Business pledges support to Street Soccer Scotland

Finance broker Robert Perrie has pledged his support to a charity event which helps disadvantaged people in Glasgow.

News
But Hargreaves Lansdown pointed to 'considerable' hurdles in the savings and investment market. Picture: Matt Morton/PA Wire

Hargreaves Lansdown earnings boosted by client growth

Hargreaves Lansdown has reported that soaring client numbers boosted profits, but warned of a challenging environment for savings and investment.

Financial
More than 800 IT jobs at Royal Bank of Scotland have been put at risk as part of a major reorganisation proposed by the lender. Picture: Ian Rutherford

800 RBS jobs at risk amid bank reorganisation plans

More than 800 IT jobs at Royal Bank of Scotland have been put at risk as part of a major reorganisation proposed by the lender.

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Standard Life Aberdeen is headed by co-chief executives Keith Skeoch, left, and Martin Gilbert. Picture: Contributed

Standard Life and Aberdeen Asset complete £11bn merger

The £11 billion merger between Standard Life and Aberdeen Asset Management completed today, creating one of the world’s largest investment companies.

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Standard Life Aberdeen will be headed by Martin Gilbert, left, and Keith Skeoch. Picture: Graham Flack

Standard Life’s £11bn merger with AAM clears final hurdle

The £11 billion merger between Standard Life and Aberdeen Asset Management (AAM) has cleared its final hurdle after the deal was sanctioned at the Court of Session in Edinburgh.

Financial
Nationwide insisted that profits remained in the mutual's target range. Picture: Greg Macvean

Nationwide profits drop amid cooling buy-to-let market

Nationwide saw profits tumble in the first quarter as it braces for a period of potential “prolonged economic uncertainty” and amid a retreat from the buy-to-let market.

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Luke Scanlon warns against 'making generalisations that hinder progress' in the fintech field. Picture: John Devlin

Luke Scanlon: Fintech consultation requires right approach

Banking sector watchdog the European Banking Authority (EBA) this week launched a consultation exercise asking businesses to give their views on specific areas where fintech impacts on the regulated financial system.

Financial
Co-op Bank said it was 'extremely grateful' to those customers who stayed with the lender. Picture: Kirsty O'Connor/PA Wire

Co-op Bank sheds 25,000 customers but trims losses

The red ink has continued at embattled Co-operative Bank as the lender yesterday put out its first earnings report since it recently sealed a £700 million rescue deal with investors.

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The new RBS �10 note commemorating scientist Mary Somerville. Picture: PA

Astronomer Mary Somerville features on new RBS £10 note

The Royal Bank of Scotland has announced the date it will issue its first plastic £10 note.

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Visitors following the North Coast 500 route enjoy Scotland's spectacular scenery.

North Coast 500 route ‘could suffer’ due to ATM shortage

The closure of a string of bank branches across the Highlands could damage the popularity of the North Coast 500 route, business leaders are warning.

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Prudential and M&G employ nearly 7,300 people in the UK. Picture: Dominic Lipinski /PA Wire

Job cuts warning over Prudential’s M&G merger plans

Prudential has announced plans to merge its M&G asset management arm with its UK life and pensions business, but warned of job losses under cost-cutting plans from the move.

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Aegon UK chief executive Adrian Grace. Picture: Jane Barlow

Aegon agrees to sell Irish operation as earnings surge

Life and pensions provider Aegon is to sell its Irish business after reporting a surge in second-quarter profits amid continued growth in its online investment platform.

Financial
Scottish Building Society said Margaret MacKay brings a 'wealth of experience' to its board. Picture: Contributed

Scottish Building Society makes key hire to boardroom

The Scottish Building Society has made a key appointment, bringing in Margaret MacKay to join its board of directors.

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The combined group will process about 40 billion transactions a year. Picture: Phil Wilkinson

Worldpay seals £9.3bn payment processing merger with Vantiv

Worldpay has agreed a £9.3 billion merger deal with US rival Vantiv in a tie-up that will create a global payments processing giant with a combined value of £22.2bn.

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