Following yesterday’s news that investors in Scottish commercial property are being offered a get out clause on pre-referendum acquisitions, the question of whether or not Scotland will become an independent country is already having an impact upon... Read More
Scottish businesses which survived the recession are now going to the wall in greater numbers than anywhere else in Britain. In the first three months of this year the number of corporate insolvencies north of the border was up more than 70 per cent on the... Read More
Britain’s first all-digital branchless bank has confirmed it will establish its bricks-and-mortar headquarters in the North-East. The pioneering company will initially recruit around 120 staff, but expects that to treble as the business grows. Atom... Read More
Lloyds Banking Group Plc has announced that it has agreed to sell a portfolio of European commercial real estate loans to MELF Sarl, an affiliate of Marathon Asset Management LP, as the group looks to lower its "non-core run-off portfolio." The... Read More
Small businesses have increasingly begun to turn to alternative lenders rather than traditional banks of late, largely due to the fact that banks remain wary of lending after the fallout of bad loans resulting in the financial crisis of 2008. While the... Read More
The Welsh Economy Minister Edwina Hart has ordered a viability study into the setting up and operation of a development bank to support the country’s businesses. Edwina Hart AM A development bank for Wales was proposed in a review last year by the... Read More
According to the latest report released by the Bank of England, the availability of credit for the corporate sector increased in the last quarter of 2013, sparking hopes that more companies will be able to take advantage of a fortuitous financial climate in... Read More
The Royal Bank of Scotland has announced that it has sold almost 100 branches located in the Chicago area of the United States as part of the process of gearing up towards the stock market flotation of its American RBS Citizens Financial Group arm later this... Read More
The Co-operative Bank has announced a reduction in its commercial property portfolio as it re-allocates funding to “significantly enhance” its internet and mobile banking services. In fact, it hopes to cut around 15 per cent of its branch network by the... Read More
NatWest and Royal Bank of Scotland have launched a scheme that gives customers cash back or rewards when shopping with their debit cards at participating retailers. The simple reward scheme - the first of its kind - effectively turns a bank card into a... Read More
