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Royal Bank of Scotland has partnered with advanced technology accelerator STAC to enhance Scotland's deep tech startup ecosystem. This collaboration aims to provide startups with investment opportunities and market access, leveraging the bank's resources and expertise to support growth and international expansion. STAC, which recently launched the Infinity G accelerator with the University of Glasgow, is focused on positioning Scotland as a leader in deep tech innovation.
Barclays leads UK bank branch closures with 1,236 sites shut, followed by NatWest (904) and Lloyds (821). In April 2025, 18 branches, including those of Halifax and NatWest, will close, contributing to a total of 88 closures in the first quarter. Since 2015, over 6,293 branches have closed, with 282 more planned for 2025, as online banking usage rises.
Royal Bank of Scotland has partnered with STAC, Scotland's first "smart things" accelerator, to explore deep tech opportunities. This collaboration aims to enhance market access for startups through mentorship, investment, and connections with corporates, positioning Scotland as a leader in the deep tech sector. New board appointments at STAC further strengthen its strategic focus on internationalization and innovation.
Royal Bank of Scotland has partnered with STAC to enhance Scotland's deeptech sector by providing resources for start-ups, focusing on investment and market opportunities. This collaboration, part of the Royal Bank's Accelerator program, aims to position Scotland as a leader in deeptech and facilitate international growth. New board appointments at STAC include Richard Lewis as chair and Andrew Davidson as non-executive director.
Royal Bank of Scotland (RBS) has partnered with advanced technology accelerator STAC to enhance Scotland's deep tech startup ecosystem. This collaboration will leverage RBS's Accelerator in Glasgow to provide startups with investment opportunities and market access, while also enriching the bank's understanding of the deep tech sector. STAC's CEO Paul Wilson emphasized the partnership's role in positioning Scotland as a leader in deep tech and expanding its international presence.
Metro Bank's plan to open three new branches in Gateshead, Chester, and Salford contrasts sharply with the impending closure of hundreds of UK bank branches in 2025, driven by a shift towards online banking. Major banks like Santander and NatWest are reducing their physical presence, impacting communities, especially in rural areas where access to digital services is limited. While some banks, like Nationwide, commit to maintaining branches, the overall trend raises concerns about accessibility to essential banking services for vulnerable populations.
Royal Bank of Scotland has reopened its Inverness branch after a £2.5m transformation aimed at enhancing accessibility and customer experience. The redesign features a calm room for stress-free financial discussions, modernized facilities, and a flexible area for community events, reflecting the bank's commitment to a strong high-street presence while integrating digital banking solutions.
Scarborough Group International has acquired the former Younger Building in South Gyle, Edinburgh, from OakNorth Bank. The 89,863-square-foot office, originally built for RBS in the late 1990s, is set for redevelopment to meet the demand for high-quality Grade A office space, with plans to begin transformation this summer. CEO Simon McCabe emphasized the building's prime location and potential to set a new benchmark for modern workspaces in West Edinburgh.
A new £2.5 million Royal Bank of Scotland branch has opened in Inverness at Falcon Square, marking the bank's fourth location in the city amid a £10.5 million investment in Scotland. The bright and accessible space includes a dedicated calm room, catering to diverse customer needs, and aims to enhance in-person banking experiences following recent branch closures. Local residents have expressed mixed feelings, with some praising the new branch as a vibrant addition to the city center.
The ongoing wave of bank branch closures has left many communities, particularly the elderly, without access to in-person financial services. Santander's recent announcement of branch closures follows a trend where over 6,000 branches have shut since 2015, driven by a significant rise in digital transactions. Consumer advocates urge faster implementation of banking hubs to mitigate the impact on those unable to bank online.
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
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RBS and STAC collaborate to boost Scotland's deep tech startup ecosystem
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Scottish Equity Partnership
GBR
Richard Deacon
Paul Willson
Darren Pirie
Andrew Davidson
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11:54 24.03.2025
bank branch closures accelerate with 18 more shutting in april 2025
British Pound Sterling
United States Dollar
Barclays PLC
Virgin Money Bond
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Banco Santander, S.A.
NatWest Group plc
Nationwide Bailard Intl Eqs R6
Halifax Intl Gr C
GBR
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07:00 23.03.2025
royal bank of scotland partners with stac to boost deep tech innovation
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Richard Deacon
Paul Willson
Darren Pirie
Andrew Davidson
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20:00 21.03.2025
RBS and STAC collaborate to boost Scotland's deeptech start-ups
British Pound Sterling
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
GBR
Richard Deacon
Paul Willson
Darren Pirie
Andrew Davidson
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17:25 21.03.2025
RBS partners with STAC to boost deep tech startups in Scotland
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
GBR
Richard Deacon
Paul Willson
Darren Pirie
Andrew Davidson
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16:41 21.03.2025
uk banking landscape faces branch closures while some expand services
British Pound Sterling
Barclays PLC
Metro Bank PLC
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Banco Santander, S.A.
NatWest Group plc
Nationwide Building Society
Halifax Intl Gr C
GBR
Stuart Hall
Jess Asato
Sam Richardson
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10:04 21.03.2025
Royal Bank of Scotland invests 2.5 million in Inverness branch transformation
British Pound Sterling
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
GBR
Anne Dewar
09:10 21.03.2025
edinburgh office building acquired for redevelopment into modern workspace
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Oaknorth Bank plc
NatWest Group plc
GBR
Benjamin Biolay
Simon Mccabe
Kevin McCabe
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09:09 20.03.2025
new royal bank of scotland branch opens in inverness city centre
British Pound Sterling
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
GBR
16:56 19.03.2025
bank branch closures escalate leaving communities without vital financial services
British Pound Sterling
Barclays PLC
Banco Santander, S.A.
NatWest Group plc
The Royal Bank of Scotland N.V. Issuer Callable Fixed To Floating Fully Principally Protected Note AATIFXX
Lloyds Banking Group plc
Halifax Intl Gr C
GBR
Mike Regnier
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16:05 19.03.2025
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