Financial

Financial

Profits on the rise at Lloyds Banking Group

Lloyds Banking Group has cheered a “resilient” UK economy as it notched up a hike in first-quarter profits, despite taking another £90 million hit from the payment protection insurance scandal.

Financial

Complaints over chemist chain’s refusal to handle Scottish notes

It is a long running complaint among Scots when travelling south of the Border. An innocent attempt to use a banknote issued by a Scottish bank is refused by a shopkeeper or taxi driver, leaving the customer angry or embarrassed.

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RBS has faced criticism for closing scores of bank branches amid a migration to banking by smartphone. Picture: Stuart Cobley

RBS pushes button on chief digital officer role

In a sign of the changing times within banking, Royal Bank of Scotland had appointed a chief digital officer.

Tech
A branch of RBS. Picture: Michael Gillen

RBS closures branded ‘economic vandalism’

Plans by the Royal Bank of Scotland (RBS) to close dozens of branches in Scotland have been branded “economic vandalism” by Labour’s Richard Leonard.

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The latest cuts by the bank, which is still owned by taxpayers, was branded a 'betrayal' by political leaders

RBS facing renewed fire as mobile services cut across Scotland

Royal Bank of Scotland is facing fresh criticism over plans to axe more local services with cuts to mobile banking.

Financial 2
Andrew Lebus.

Andrew Lebus: Capitalising on the global boom in private equity

Private equity refers to investments made through private transactions in companies that are not public. Private equity managers hunt for high quality companies, at attractive valuations, and take influential or controlling positions. According to Preqin’s 2018 report, the market globally is worth approximately $2.83 trillion (£2tn).

Opinion
David Durlacher says that making Edinburgh a northern HQ for Julius Baer looks counter-intuitive, but demonstrates his belief in Scotland. Picture: Lisa Ferguson

The Big Interview: David Durlacher, CEO of Julius Baer

David Durlacher knew, when he took biology at university, that while it would not form the foundation of his career, he wanted to study something he really enjoyed, “that intellectually I found curious, I found fulfilling”.

Financial
Getting the right advice for you and your personal circumstances is essential  when deciding on retirement plans, particularly now with new pension freedoms allowing greater flexibility with your hard-earned cash

Barry Davidson: Make sure your pension decisions are on the money with the right advice

There’s always a good reason to buy chocolate. Confectioners have hijacked our celebratory moments throughout the year and seamlessly market their wares linked to the annual cycle of special days and ­holidays.

Opinion 1
Ross McEwan, Chief Executive of The Royal Bank of Scotland.

RBS to train one million people to identify bank scams by 2020

Royal Bank of Scotland chief executive Ross McEwan has announced staff will provide training on how to thwart scammers to a million people across the UK by 2020.

News 7
Coutts is a private bank owned by RBS. Picture: Google

Banker at RBS owned Coutts resigns amid harassment allegations

A Coutts banker has resigned after facing increased pressure over allegations of harassment against female colleagues.

News 2
Scottish Friendly chief executive Jim Galbraith believes that customer trust has not fully recovered following the financial downturn. Photograph: Ashley Coombes

The Big Interview: Scottish Friendly chief executive Jim Galbraith

Jim Galbraith is quick to bang the savings drum. But, a little over a year into the top job at Scotland’s largest financial mutual, the Scottish Friendly chief executive knows he has a tough sell on his hands. Squirrelling away a few quid every month or taking out an Isa is way down the pecking order for most people whose household budgets are being squeezed by flat-lining wages and soaring bills.

Financial
Many pension scheme trustees are unclear how to consider climate change risks, says Saunders. Pic: contributed.

COMMENT: Don’t be caught cold by risks of climate change, says ­Pinsent Masons

This time last week Scotland was firmly in the grip of the so-called Beast from the East, with warmer than usual air at the North Pole bringing what many believe to be our heaviest snowfalls for 20 years.

Financial
Jim Duffy

COMMENT: Carney can’t regulate Carillion – so why crypto, asks Jim Duffy

I like Mark Carney, the governor of the Bank of England.

Opinion
You dont need to deposit the full ISA allowance to open an ISA. You can still reap the benefits with a smaller amount of money.

ISAs: It’s Time To Bust The Myths

Make the most of your money by learning the truth behind these five common ISA misconceptions

Promoted content
RBS was second last in the poll.

RBS ranked near bottom of table in search for Britain's best bank

The Royal Bank of Scotland has been ranked as one of the worst UK financial institutions - by its own customers.

News 18
The figures were revealed by MPs

Most senior RBS turnaround staff worked at controversial restructuring unit

Nearly all of the senior staff at Royal Bank of Scotland’s new turnaround unit for small businesses also worked in the controversial division accused of widespread mistreatment of small businesses, it has been revealed.

News 3

RBS profit milestone overshadowed by potential massive US fine

Royal Bank of Scotland is braced for potential renewed losses in 2018 due to an impending mammoth settlement with the US Department of Justice (DoJ) despite the bank reporting its first annual pre-tax profit in a decade.

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The investment giant was created through the merger of Standard life and Aberdeen Asset Management. Picture: Graham Flack

Standard Life Aberdeen offloads insurance arm in multi-billion-pound deal

Standard Life Aberdeen has struck a £3.2 billion deal to offload its insurance arm as it takes further steps to overhaul the business following an £11bn mega-merger last year.

Financial
The calls came after Link announced a plan to cut the fees paid to cash machine operators. Picture: John Devlin

Labour MP wants regulator to review ATM funding changes

A Labour MP is calling for a review of the decision to change how free ATMs are funded, claiming it could create a “cash machine desert” in some areas.

Financial 1
The financial giant was formed through the merger of Standard Life and Aberdeen Asset management. Picture: Graham Flack

Standard Life Aberdeen blow as Lloyds ends major contract

Standard Life Aberdeen has seen its shares come under pressure after Lloyds Banking Group said it was ending a £100 billion asset management contract for its Scottish Widows business.

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