Baillie Gifford able to take the long view

Baillie Gifford, beacon of the Scottish financial sector, has seen its funds plunge back to 2005 levels in the market turmoil, after last year-end's £55bn was slashed to £38bn last Monday morning.

Item Club sees UK economy shrink by 1%

The UK economy will decline by 1% next year, but if the US and UK banking rescues fail to work "we could be in for a depression".

	Tune in and chill out
	SME Focus: When government moves to stabilise the banking system were followed by yet more stock market gyrations this week, the supposed “Cool Hand Lukes” of the City looked ever more like headless chickens who were petrified by the risks they are paid a fortune to assess.

Minister calls for fewer home repossessions

Treasury minister Yvette Cooper today demanded fewer home repossessions by banks as mortgage holders increasingly struggle to keep up with repayments.

Merchant City developer goes to the wall as slump deepens

A prestigious, multi-million-pound residential and retail development in Glasgow's Merchant City has collapsed into administration after RBS and other creditors became rattled by the rapid decline in Scottish property prices.

Legal & General stands behind Lloyds TSB-HBOS deal

The so-called campaign to "save Bank of Scotland" was dealt a blow yesterday when a second major institutional shareholder said it was backing the takeover of HBOS by Lloyds TSB.

Markets post robust gains as oil prices jump by $2 a barrel

Share markets in London and other European financial centres posted robust gains yesterday, boosted by a strong advance in oil shares.

	Fairness, equality and opportunity
	Saturday interview: As ‘banker to the unbankable’, Eunice Lancaster spends her working life trying to create a better society, writes Mark Smith.

Sleeper all set to take over from the early riser as shut-eye trumps red-eye

Business diary: It looks like British Airways could end up sporting a black eye over the axing of the red- eye. First ScotRail sees an opportunity to capitalise over the ending of the 6.05am flight from Glasgow to Heathrow on October 27.

EC seeks risk control over derivatives

The European Commission said yesterday it wants measures to control risks in the shadowy $60 trillion credit derivatives market, seen as one of the causes of the worst financial crisis since the 1930s, as a leading French bank said it has lost around 600m (£480m) in a derivatives trading "incident" during last week's market turmoil.

Economy is customer headache for Allied Vehicles

Allied Vehicles, the Glasgow taxi-maker, provided further evidence that the credit crunch is impacting the real economy by saying that the scarcity of loan funding was hitting sales.

OFT drops dairies action

Robert Wiseman and five other Scottish dairies will face no action over alleged market-rigging after the Office of Fair Trading said yesterday that it has closed its two-year investigation.

Mohammad Sarwar’s UWS buys out stake owned by jailed son

United Wholesale (Scotland), the cash-and-carry business owned by Mohammad Sarwar and his family, has bought out the stake owned by the Glasgow MP's son Athif, who was jailed for fraud last May.

Expatriates fear savings may be lost

Personal Finance: Expatriates who opened offshore saving accounts with a building society fear their life savings have been wiped out in the Icelandic banking crash.

In the fallout from the crunch, some are more equal than others

Values: The chief financial regulator made a public apology in Edinburgh this week.

More ...