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  • EDITOR'S TAKE: An independent HBOS won’t save Scottish jobs

    I realise I’m putting myself out on a limb here, so let’s pretend I’m whispering the following statement with a slightly repentant look on my face – an independent HBOS won’t necessarily make your job any safer. Let’s assume, as looks most likely, that Lloyds TSB is successful in its bid to merge with HBOS. At the time of the proposal, the “40,000 job losses” estimate bandied around was... Read more

  • EDITOR'S TAKE: Can HBOS go it alone after all?

    Scottish jobs might be being given preferential treatment as Lloyds TSB’s takeover of HBOS looms, but could this nail-biting wait over a potential 40,000 redundancies been avoided? An increasing number of industry players are creeping out of the woodwork and claiming that perhaps it could have survived after all. It turns out that last Wednesday, as speculation over HBOS’s future mounted and its shares were subjected to a barrage of... Read more

  • EDITOR'S TAKE: Scotland needs a confidence boost

    It’s a scenario all too familiar. A Scottish fund manager is looking to increase its headcount and, as it’s a global marketplace, has put feelers out to other major financial centres for talent. When asked the question why, say, the UK’s premier fund managers might want to move north of the border from the behemoth that is the City of London, the answer is nearly always the same: “Well, the... Read more

  • EDITOR'S TAKE: buying in jobs – what, no outrage this time?

    The indignity of it was too much for one politician to bear. Morgan Stanley, thinking of starting a Glasgow operation last year, was handed £6m by the government to make the move to Scotland. Then it turned out they would have set up here anyway. Fuming, Derek Brownlee MSP, Scottish Conservatives finance spokesman, spluttered: “You can only justify the use of taxpayers’ money to create jobs if they would not... Read more

  • Could independence undermine Scotland’s financial services?

    As Scotland bids for independence from the rest of the UK, there’s the suggestion that its financial services sector could lose out. Global Financial Services Week (GFSW) looks to highlight Scotland’s importance as a financial centre, and the cabinet secretary for finance, John Swinney, took the opportunity to attempt to assuage fears that an independent Scotland could undermine the industry. He said: “We would have to take decisions about the way in... Read more

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