Business Scotland
7.8K views | +0 today
Follow
Business Scotland
Business, finance and the economy in Scotland
Curated by Peter A Bell
Your new post is loading...
Your new post is loading...
Scooped by Peter A Bell
Scoop.it!

Osborne urged to distribute RBS and Lloyds shares among voters

Osborne urged to distribute RBS and Lloyds shares among voters | Business Scotland | Scoop.it
Government stake should be sold off using scheme in which those who apply pay for shares at later date, says thinktank
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Bill Jamieson: Phoenix can rise from banking ashes

Bill Jamieson: Phoenix can rise from banking ashes | Business Scotland | Scoop.it
“WHAT goes round, comes round” barely covers the chequered history of Scottish banking in general and the ravaged fortunes of TSB in particular.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Rise in overdraft fees may cost some clients over £1000 a year

Bank of Scotland customers have been hit with changes to current accounts that will leave some facing overdraft charges of more than £1,000 a year.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Big banks prepare for extra £1bn PPI hit | News | LondonlovesBusiness.com

Big banks prepare for extra £1bn PPI hit | News | LondonlovesBusiness.com | Business Scotland | Scoop.it
Britain’s biggest banks are bracing themselves for a further £1bn hit for mis-selling payment protection insurance, taking the total bill to almost £8bn.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Sir Angus Grossart says Libor fixing scandal raises big banking questions - Business - Scotsman.com

Sir Angus Grossart says Libor fixing scandal raises big banking questions - Business - Scotsman.com | Business Scotland | Scoop.it
VETERAN financier Sir Angus Grossart has weighed into the Libor fixing scandal and said the crisis, which is expected to exact £14 billion in fines from a number of banks, has “reinforced the argument” for separating retail and wholesale “casino”...
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Bank set to pump £75bn into economy

The Bank of England is set to pump up to £75bn of newly printed money into the ailing UK economy as fears grow that the eurozone crisis could drag Britain deeper into recession.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

RBS facing £150m fine in Libor scandal

ROYAL Bank of Scotland could face a hefty fine from the same interest rate rigging scandal that has hammered Barclays this week and left its boss Bob Diamond fighting for his job.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

RBS and Lloyds also face Libor inquiry - Telegraph

RBS and Lloyds also face Libor inquiry - Telegraph | Business Scotland | Scoop.it
Royal Bank of Scotland and Lloyds Banking Group, the UK’s two taxpayer-backed banks, are at risk of significant fines as part of the investigation into attempted rigging of the inter-bank lending market that has now cost Barclays £290m.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

RBS Could Face $156 Million Bill After IT Failure

RBS Could Face $156 Million Bill After IT Failure | Business Scotland | Scoop.it
Royal Bank of Scotland (RBS) was expected to face a bill of 100 million pounds ($156 million) or more from last week's computer systems failure that caused massive disruption for millions of customers.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

FSA expected to confirm thousands of firms may have been wrongly sold interest rate swap contracts - Business - Scotsman.com

FSA expected to confirm thousands of firms may have been wrongly sold interest rate swap contracts - Business - Scotsman.com | Business Scotland | Scoop.it
A DAMNING report from the financial regulator is expected this week on “systematic” mis-selling by Britain’s biggest banks of complex interest rate swap contracts to thousands of UK businesses.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

NatWest and RBS computer glitch stretches into third day - Telegraph

NatWest and RBS computer glitch stretches into third day - Telegraph | Business Scotland | Scoop.it
Up to 12 million NatWest and Royal Bank of Scotland customers are still unable to pay bills or move money after a computer glitch left their accounts frozen for the third day running.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Moody's downgrades 15 major banks

Moody's downgrades 15 major banks | Business Scotland | Scoop.it
The credit ratings agency Moody's downgrades 15 global banks and financial institutions including Barclays, HSBC and Goldman Sachs.
more...
No comment yet.
Rescooped by Peter A Bell from Referendum 2014
Scoop.it!

Why did the banks only become Scottish - after they failed?

Why did the banks only become Scottish - after they failed? | Business Scotland | Scoop.it
Why did the banks only become Scottish - after they failed? This joke reminds me though, of the one of the rallying calls of the ‘No’ campaign.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Accountants took £84m in fees from banks before they collapsed

Accountants took £84m in fees from banks before they collapsed | Business Scotland | Scoop.it
MAJOR accountancy firms pocketed more than £84m in fees from Halifax Bank of Scotland, Bradford & Bingley and Cattles in the lead up to their collapse.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Banks turn down 40% of credit requests

Banks are turning down more than four out of ten applications for credit from Britain’s small businesses, according to a new survey which also reveals a further fall in confidence levels.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

RBS accused over financing of small firms - Business - Scotsman.com

RBS accused over financing of small firms - Business - Scotsman.com | Business Scotland | Scoop.it
ROYAL Bank of Scotland has been accused of pressurising an Edinburgh printing company, which has carried out work for the bank, into signing up to an “expensive” invoice financing arrangement rather than offer it a £25,000 overdraft.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Clydesdale axes 145 Scots jobs - Management - Scotsman.com

CLYDESDALE Bank has confirmed that 145 posts will be axed in Scotland under the first tranche of the 1,400 job losses announced in April.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Scots firms due millions after banks' mis-selling | Herald Scotland

Scots firms due millions after banks' mis-selling | Herald Scotland | Business Scotland | Scoop.it

SCOTTISH small businesses are in line for millions of pounds in compensation after the City watchdog found Britain's biggest banks guilty of serious failings in the sale of complex financial products.

more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Barclays to Repay Swaps Customers as RBS, Lloyds Join Settlement

Barclays to Repay Swaps Customers as RBS, Lloyds Join Settlement | Business Scotland | Scoop.it
Royal Bank of Scotland Group Plc, Barclays Plc and Britain’s two other big banks will compensate small and medium-sized businesses improperly sold interest-rate derivatives following a probe by the U.K.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

RBS cancels hospitality at Wimbledon after IT crisis - Top stories - Scotsman.com

RBS cancels hospitality at Wimbledon after IT crisis - Top stories - Scotsman.com | Business Scotland | Scoop.it
THE Royal Bank of Scotland has cancelled its corporate hospitality at Wimbledon and scrapped a one-day golf tournament as it tries to re-establish normal service after the IT meltdown which left customers unable to access their cash.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Finance director of NAB joins board at Clydesdale | Herald Scotland

Finance director of NAB joins board at Clydesdale | Herald Scotland | Business Scotland | Scoop.it

NATIONAL Australia Bank finance director Mark Joiner, who last year said the UK economy faces a decade on its knees, has joined the board of its British arm Clydesdale Bank with colleague Rick Sawers.

more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Glitch forces RBS, NatWest, Ulster Bank to open Sunday

Glitch forces RBS, NatWest, Ulster Bank to open Sunday | Business Scotland | Scoop.it
LONDON: Britain's Royal Bank of Scotland, Ulster Bank and NatWest were to take the unusual move of opening 1,200 branches on Sunday after a computer glitch hit millions of customers.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

NatWest to open on Sunday as glitch hits millions - Channel 4 News

NatWest to open on Sunday as glitch hits millions - Channel 4 News | Business Scotland | Scoop.it
NatWest and RBS extend their Saturday opening hours and will open on Sunday to help customers hit by a major computer glitch that has left them unable to access their money and pay bills.
more...
No comment yet.
Scooped by Peter A Bell
Scoop.it!

Lack of bank lending still hampering small businesses in the UK - Economics - Scotsman.com

Lack of bank lending still hampering small businesses in the UK - Economics - Scotsman.com | Business Scotland | Scoop.it
SMALL businesses are facing a new credit crunch that is denting confidence and restricting growth even as the UK government launches an £80 billion scheme to boost lending.
more...
No comment yet.