Business correspondent and personal finance editor since 1998, four times Scottish financial writer of the year, and once journalist of the year. Likes bringing business personalities to life, responding to unhappy consumers, and investigating bust businesses and the murkier corners of money. Highly commended in the 2013 UK Regional Press Awards.
The part-taxpayer-owned institution misrepresented a land valuation in order to secure a £300,000 personal guarantee from developers James O'Donnell and Ian McDonald after the value of the land they had purchased plummeted in value.
In a rare insight into bank dealings before and after the downturn, Lord Malcolm's judgment described the action as a "case study of the causes and consequences of the property crash".
The regulator is clamping down on the "cashbacks" investors receive from online investment platforms by way of a discount, to ensure transparency of charging. Ahead of a ban on such rebates from 2014, HMRC last month unexpectedly made the cashbacks subject to income tax.
Standard Life said earlier this week it had "agreed with HMRC to pay the fund rebate income tax liability until the end of December 2013 direct to the Revenue on behalf of all Standard Life Wrap and FundZone customers". They would now have no liability to declare on their tax return.