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RBS still hopes to reach US settlement in 2018

Royal Bank of Scotland is still hoping to reach a multi-billion-dollar settlement this year with the US Justice Department over alleged mis-selling of toxic mortgage-backed securities….













FreeAgent shares soar on RBS contract win

Shares of Edinburgh-based FreeAgent Holdings, which provides accounting software for small businesses, rose for a second successive day following the announcement that it won a major contract with…


Duffy to leave Entrepreneurial Spark

Jim Duffy, co-founder of Scottish-based business incubator network Entrepreneurial Spark, announced he will leave the company in the summer of 2017. Duffy said Entrepreneurial Spark…


Flybe terminates Loganair franchise agreement

UK airline Flybe announced that its franchise agreement with Glasgow-based Loganair to fly under the Flybe brand has been terminated with effect from August 2017 “following…



ZMMA chosen for design galleries at new V&A

The flagship Scottish Design Galleries in the new V&A Dundee will be designed by the internationally acclaimed London-based practice ZMMA. ZMMA’s ongoing projects include the National Museum…





£150m gain for RBS as MasterCard buys VocaLink

MasterCard said it agreed to acquire 92.4 percent of payment processing giant VocaLink for about £700 million ($920 million). In the UK, VocaLink operates the Link ATM network and processes…



FCA bans former RBS Libor submitter

The Financial Conduct Authority (FCA) has censured former Royal Bank of Scotland Libor submitter Paul White and banned him from performing any function in relation to…



New CEO at RBS private banks Coutts, Adam

Royal Bank of Scotland has appointed Peter Flavel as chief executive of private banking, responsible for Coutts & Co and Adam & Company. Flavel (pictured) joins…


Rural land prices fall in Scotland

Scottish rural land prices fell in the second half of 2015 as low prices for crops and commodities took their toll, according a survey by the Royal Institution…


RBS £3.6bn hit for pension, litigation, PPI

Royal Bank of Scotland said it will make a £3.6 billion provision to cover pension payments, litigation over mortgage-backed securities and issues connected to payment protection insurance (PPI). RBS also unveiled…


Military men to run Edinburgh transport

Three of the top jobs in Edinburgh transport have been filled — two of them by former military men — as the capital city’s integrated bus-and-tram transport leaders seek…