Financial

CYBG has formally completed its £1.7 billion takeover of Virgin Money creating a new UK challenger bank and marking the beginning of the end of the historic Clydesdale brand.

Royal Bank of Scotland’s chief executive has warned he cannot guarantee that financial scandals at the taxpayer-owned lender will not happen again under his watch.

The founder of an initiative to boost cooperation between the finance industries of Scotland and Ireland has called for increased collaboration efforts ahead of meetings this week.

Edinburgh’s future success hinges on collaboration across government and business, writes Miller Mathieson, MD, CBRE Scotland and Northern Ireland.

The UK government has pocketed £150 million as Royal Bank of Scotland coughed up the first dividend since its £45 billion bailout a decade ago.

Weatherbys Private Bank is doubling up on its presence in Edinburgh after a surge in business north of the Border.

Bank of England officials are to be grilled by MPs after new figures showed a “concerning” spike in bullying and harassment cases during Mark Carney’s term as Governor.

An Edinburgh-headquartered global fintech has changed hands in a deal which values the firm at more than £1.6 billion.

Leeds Building Society has opened for business in Edinburgh, marking its third premises in Scotland.

Royal Bank of Scotland’s tarnished reputation could take another ten years to recover from its role in the financial crisis and a string of scandals, the lender’s chief executive has admitted.

Clydesdale owner CYBG has been given the regulatory green light for its £1.7 billion takeover of Virgin Money.

Edinburgh-headquartered Hampden & Co has appointed Duncan Buchanan to the role of banking director, as the company enjoys lending growth across Scotland and the rest of the UK.

An independent insurance broker that describes itself as the largest of its kind in Scotland has swooped on a regional player on the back of a record financial year.

Former Standard Life chief executive Sir Sandy Crombie has joined the board of LendingCrowd, the Edinburgh-based fintech lender, as its chairman.

Bank customers trying to log in to manage their finances faced further frustration on Friday as both TSB and HSBC reported problems with their apps.

The starting gun has been fired for bidders of a £775 million fund from Royal Bank of Scotland, with the likes of Handelsbanken and Co-operative Bank and emerging as prospective bidders.

I’m delighted that the Scottish Investment Bank (SIB) at Scottish Enterprise continues to play a catalytic role in Scotland’s early-stage risk capital market, supporting more companies to secure growth and project funding than ever before during 2017/18 as announced today in the publication of our Annual Review.

A Glasgow-based lender has launched to improve cashflow to small and medium-sized enterprises (SMEs) in a “buoyant” asset finance market.

Nationwide Building Society is to maintain its branch network after unveiling plans to pump an additional £1.3 billion into new technology in a move than, over time, should create hundreds of jobs.