Financial

Financial

‘Great outcome for customers’ as Co-op Bank secures £700m

The Co-operative Bank has secured a £700 million rescue deal with its majority hedge fund investors that effectively marks the end of its historical links with the Co-operative Group.

Financial
Martin Flanagan says the City watchdog's proposals are 'robust and reasonable'. Picture: Daniel Leal-Olivas/AFP/Getty Images

Martin Flanagan: Shining a spotlight on fund management

For such an important constituent of the UK economy and people’s financial health, fund management can be an arcane business.

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The City watchdog found that price competition is weak and investors may not be clear on a fund's objectives. Picture: Daniel Leal-Olivas/AFP/Getty Images

Fund management sector needs radical shake-up, says regulator

Sweeping reform of the UK’s £7 trillion asset management industry is necessary because of its failings towards customers, the financial regulator has declared.

Financial
ShareIn co-founders Andrew Pickett and Jude Cook. Picture: Chris Watt

Fintech outfit ShareIn sets sights on European expansion

Crowdfunding technology firm ShareIn is targeting expansion in Europe after launching its first multilingual and multi-currency platforms.

Financial
The ATM of the future could provide a much wider range of services than today's devices. Picture: Ian Rutherford

What will the ATMs of the near future look like?

With this week marking the 50th anniversary of the first cash machine appearing on the nation’s streets, what does the future hold for the humble ATM?

Financial
Santander UK chief executive Nathan Bostock. Picture: Contributed

Santander chief Nathan Bostock: We must help Scots SMEs flourish

The warning that businesses and markets don’t like uncertainty has become a wearily familiar refrain in these unpredictable times.

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Hampden & Co chief Graeme Hartop hailed the results as 'excellent for such a young bank'. Picture: Contributed

Private bank Hampden & Co cuts losses after ‘excellent’ year

Edinburgh-headquartered private bank Hampden & Co unveiled a picture or progress yesterday as the group published reduced operating losses for 2016 in its first full year of trading.

Financial
Co-op Bank said the plans would safeguard its 'values and ethics'. Picture: Nick Ansell/PA Wire

Co-op Bank halts sale process amid rescue deal hopes

The Co-operative Bank is no longer up for sale as it closes in on agreeing a rescue package with existing investors which would put it on a secure financial footing.

Financial
The job cuts were attacked by the Federation of Small Businesses and the Unite union. Picture: John Devlin

Royal Bank of Scotland axes more than 400 jobs in India move

Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans, with many roles set to be transferred to India.

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Bill Jamieson wonders where the injured party is in Barclays' Qatari case. Picture: Leon Neal/AFP/Getty Images

Bill Jamieson: Who is the victim in Barclays court action?

When former Barclays boss John Varley and three other former directors face criminal charges at Westminster magistrates court a week today, they will be the first British bankers to face criminal charges for actions taken during the financial crisis.

Financial
EY said that one in three 'digitally active' consumers now use fintech on a regular basis. Picture: Shutterstock

Fintech set for further surge after leap in take-up

Levels of financial technology adoption among the general public have surged globally over the past 18 months, with the UK leading the way among developed nations, according to a new study.

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Ireland's government hailed  a 'significant milestone' as it sold shares in Allied Irish Banks. Picture: Peter Muhly/AFP/Getty Images

Bailed-out Allied Irish Banks returns to stock market

Ireland has returned Allied Irish Banks (AIB) to the stock market in a landmark moment that underscores the lender’s recovery after it was saved from collapse during the financial crisis.

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SFE chief executive Graeme Jones, left, with Burness Paull partner Callum Sinclair. Picture: TSPL

Scottish fintech body to be established to drive growth

A new body is to be created with the aim of promoting growth in Scotland’s burgeoning financial technology (fintech) sector.

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Housing minister Kevin Stewart said small-scale developers are 'essential'. Picture: Jon Savage

LendInvest launches academy for budding property tycoons

Online mortgage specialist LendInvest has kicked off a non-profit initiative in Scotland aimed at helping budding housebuilders and property developers to secure finance for their plans.

Financial
Reputation is one of the key factors to gaining the trust of investors.

How to get people to invest money into you or your company?

For many a small business or new start-up, attracting external investment from a business angel or group of investors marks a crucial stage in their development. With extra funding, ambitions can become concrete realities and a small-scale operation can really start thinking big.

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Picture: Money Dashboard

Pensions Dashboard to show all your pensions in one place

What do you think of when you hear the word pensions? Do you see pensions as smart, savvy and primed for innovation? Or something best left to the pensioners?

News
'By investing now, farmers can make their businesses more resilient,' says Bank of Scotland's Sandy Hay. Picture: Lisa Ferguson

Sandy Hay: Funding for the future of Scottish farming

The Royal Highland Show is one of those special events that can set Scottish pulses racing.

Farming

Watchdog clears Standard Life’s £11bn Aberdeen Asset deal

The UK competition watchdog has given the green light to the £11 billion merger of Standard Life and Aberdeen Asset Management (AAM).

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'Farming is vital to the Scottish economy,' said Alison Rose of Royal Bank of Scotland. Picture: Contributed

Royal Bank of Scotland unveils farming support scheme

A new scheme to support new entrants to Scottish farming is being launched by Royal Bank of Scotland, the lender announced today.

Farming
Former Barclays boss John Varley is one of four people charged by the Serious Fraud Office. Picture: Matt Dunham/PA Wire

Barclays and four former directors face fraud charges

Barclays and four of its former top bankers, including ex-chief executive John Varley, have been charged with fraud over the bank’s emergency fundraising from Qatari investors during the financial crash.

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