Financial

Financial

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.

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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.

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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”.

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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
The Scottish Government has given a positive initial response to the merger. Picture: Lisa Ferguson

Martin Flanagan: Holyrood relaxed over Standard-AAM deal

Those who wondered if the costcutting-and‑complementarity cocktail of logic for the merger of Standard Life and Aberdeen Asset Management (AAM) would be trumped by populist Holyrood politics may be disappointed.

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Philip Grant says Lloyds is striving to reflect the diversity of the community that the bank serves. Picture: Greg Macvean

Philip Grant: Cutting the old school ties to banking

I joined Bank of Scotland fresh from school at just 17 years old, and I see it for the great opportunity it was.

Financial 1
AAM boss Martin Gilbert would become co-chief executive of the combined group. Picture: Ian Rutherford

Bill Jamieson: Standard Life and AAM may not be Bon Accord

In proposing any £11 billion mega asset management merger between Standard Life and Aberdeen Asset Management (AAM), both sides believe they have an ideal solution for the challenges facing both companies.

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The proposed tie-up between Standard Life and AAM has raised fears over job cuts. Picture: Neil Hanna

Backlash looms over Standard Life’s £11bn AAM deal

Sir George Mathewson, a former chief executive of Royal Bank of Scotland and a doyen of the finance sector in Scotland, has voiced “regret” at the proposed £11 billion merger between Standard Life and Aberdeen Asset Management (AAM).

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