Financial

Financial

Interview: Nick Laird of Bank of Scotland

As tough acts go, Alasdair Gardner must be one of the harder ones to follow. After more than seven years shaping the commercial banking operation at Bank of Scotland, Gardner – who joined the lender in 1987 and had become a familiar face on the Scottish business scene – was made head of global corporates North America for parent Lloyds Banking Group last September.

Financial
Bidders have until the middle of next month to express an interest in the troubled lender. Picture: Kirsty O'Connor/PA Wire

Co-op Bank says ‘credible’ bidders still interested

The Co-operative Bank said a number of “credible” bidders are still eyeing the troubled lender as it revealed an April deadline for preliminary offers.

Financial
Alliance Trust chairman Lord Smith of Kelvin said the ATS owner was 'well placed for the future'. Neil Hanna

Alliance Trust Savings returns to full-year profit

Dundee-based investment platform Alliance Trust Savings (ATS) today announced a move back into the black following the completion of its £14 million takeover of Edinburgh rival Stocktrade.

Financial
Pinsent Masons' Luke Scanlon says banks and cloud providers can work together to understand their regulatory obligations. Picture: PA

Luke Scanlon: More clarity needed on cloud banking

Royal Bank of Scotland chief executive Ross McEwan earlier this week described RBS as “more a financial services company with good technology” than a traditional bank.

Financial
Only 151 Royal Bank of Scotland branches in Scotland will remain after the closures

Leader comment: Latest branch closures are too much too soon

It’s an industry-wide trend, but the Royal Bank of Scotland situation is remarkable.

Opinion
RBS will close 30 of its own branches and 128 Natwest branches. Picture: AP

470 jobs at risk as RBS plans closure of 158 branches

More than 150 Royal Bank of Scotland and NatWest branches are to close with hundreds of job losses after a “dramatic shift” in customer banking.

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Clear lines of accountability are vital in the fight against cyber-crime. Picture: Ian Rutherford

Clear command and control needed in cyber-crime war

With financial cyber-crime rising at alarming rates, Treasury committee chairman Andrew Tyrie believes greater focus is urgently needed.

Financial
RBS is led by chief executive Ross Mcewan. Picture: Phil Wilkinson

RBS and investor action group still split on price

Doubts are growing over the prospects of an out-of-court settlement between a shareholder action group and ­Royal Bank of Scotland over legal claims investors were misled in the bank’s £12 billion rights issue in 2008.

Financial

Standard Life and AAM chiefs set out job share plans

The heads of Standard Life and Aberdeen Asset Management (AAM) have set out in detail how they will share the top job when the firms’ £11 billion planned merger takes place later this year.

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Shaolei McKie joins Archangels from Corran Properties. Picture: Robert Perry

Archangels adds Shaolei McKie as investment executive

Business angel syndicate Archangels has appointed chartered accountant Shaolei McKie as an investment executive.

Financial
Picture: Getty

RBS steps up settlement bid with Shareholder Action Group

Royal Bank of Scotland has stepped up efforts this weekend to reach an out-of-court settlement with thousands of former investors who claim they were misled in the bank’s £12 billion cash call in 2008.

Financial
Bob Diamond is bidding to take Panmure Gordon private. Picture: Nick Potts/PA Wire

Bob Diamond joins bid for stockbroker Panmure Gordon

Former Barclays chief executive Bob Diamond has launched a joint takeover bid for City stockbroker Panmure Gordon.

Financial
Lloyds, which owns Bank of Scotland, is moving closer to full private ownership. Picture: John Devlin

Taxpayer stake in Bank of Scotland owner now below 3%

The taxpayer’s stake in Lloyds Banking Group has been cut to below 3 per cent as the UK government continues to sell down its shareholding.

Financial 2
Scots-born Douglas Flint will be succeeded as HSBC chairman by AIA boss Mark Tucker. Picture: Ben Stansall/AFP/Getty Images

HSBC picks AIA chief as Douglas Flint’s successor

Banking major HSBC has recruited an outsider to become its new chairman ­later this year, appointing Asian insurer AIA’s chief executive Mark Tucker to succeed Scots-born chairman and former finance chief, Douglas Flint.

Financial
Use it or lose it  savers have until 5 April to use various allowances

Scottish taxpayers can turn down the heat

COMMENT: Bob Hair is portfolio director and head of the Edinburgh office of Cazenove Capital

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Tom Walker of Martin Currie examines the investment implications of Brexit. Picture: Virginia Mayo/AP

Tom Walker: Three major Brexit impacts for investors

The result of the Brexit vote last year took many investors by surprise. As Britain’s decisions to leave the EU becomes reality, we look at some key areas of impact.

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Co-op Bank is engaging with potential bidders after putting itself up for sale last month. Picture: Kirsty O'Connor/PA Wire

Co-op Bank losses narrow as potential buyers circle

Troubled lender the Co-operative Bank said it was “engaging” with potential bidders after putting itself up for sale last month as the group revealed it remained deep in the red last year.

Financial 2

David Cumming to leave Standard Life Investments

Standard Life Investments (SLI) has announced that head of equities David Cumming has decided to leave the firm to “pursue other interests”.

Financial 1

What we know about the Standard Life/AAM merger so far

With Standard Life and Aberdeen Asset Management (AAM) agreeing terms of their £11 billion merger, here is what we know about the deal to create Britain’s biggest fund manager.

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Gareth Mackie: Questions remain over Standard Life-Aberdeen Asset Management marriage

The tie-up between Standard Life and Aberdeen Asset Management (AAM) is expected to complete in the third quarter of this year, subject to regulatory and shareholder approval, creating a global investment powerhouse overseeing £660 billion of assets.

Financial
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