financial sector

The SNP today called on the UK financial authorities to intervene to protect Scottish businesses facing ruin as a consequence of the actions of KPMG, the administrators of the Dunfermline Building Society.

A National Audit Office inquiry into the handling of Northern Rock, has found that the tripartite regulatory structure created by Gordon Brown was seriously flawed, and that Treasury officials decided it was not a priority to fix it.

SNP Treasury Spokesperson, Stewart Hosie MP, has expressed disbelief that the Financial Services Authority (FSA) is to announce plans for significant increase in bonuses for staff.

Inward investment in Scotland has hit a new high according to Parliamentary answers obtained by SNP MSP Alex Neil.

Scotland's banknotes were saved last night after the Treasury dropped controversial plans which threatened their existence.