Figures found by the BBC have revealed that over 600 bank branches across Britain in the past year have seen closures, with rural areas being the most affected. It was found that parts of Scotland, Wales and South West England, between April 2015 and... Read More
After receiving planning permission for a nine unit retail scheme in Town Street Stanningley, Leeds, RBS has sold the site to expanding supermarket brand Lidl. The 4.8 acre brownfield site will see the construction of a 21,300 sq ft discount food store,... Read More
Thanks to the widespread economic recovery and ensuing demand for space by retailers, many destinations which saw vacancy rates skyrocket during the recession are now enjoying a return to prosperity which has allowed owners to achieve strong sales prices.... Read More
The First Minister has welcomed the launch of a state-of-the-art “hatchery” at the Royal Bank of Scotland’s Edinburgh headquarters. The state-backed lender has announced it is converting the executive wing of its Gogarburn building, west of the... Read More
Increasing its exposure to the UK and Irish markets, the American private equity giant Cerberus has agreed to pay £2.3bn for two portfolios of distressed property loans. The Royal Bank of Scotland (RBS), and its Ulster Bank subsidiary, is reported to have... Read More
Concerns have been raised over claims that staff employed in one of Britain's biggest banks are being be asked to redecorate dilapidated branches — in their own time. The head office suggestion that staff help out with "painting, tidying up and... Read More
In the aftermath of the recession, high street banks were widely criticised for failing to provide adequate levels of financing to SMEs, causing many to look elsewhere for business loans. However, under a new initiative launched by RBS and NatWest, start-ups... Read More
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
Banking chain RBS has not had an easy run during the recession. Trust in the banking system, already damaged by the country’s descent into economic instability, plummeted after the Libor scandal, with the major high street chains suffering... Read More
Nationwide Building Society is considering making an offer for the 316 branches that Royal Bank of Scotland was due to sell to Santander. According to the Sunday Times, the mutual is looking at an offer as speculation mounts over which companies will... Read More
