Royal Bank of Scotland (RBS) will move its operations to London should Scotland vote to go independent, it has confirmed.
In a statement, it said it would be "necessary to re-domicile the bank's holding company". However, it will keep a significant level of jobs in Scotland, where it has been based since 1727. Lloyds Banking Group, parent company of pensions provider Scottish Widows, Bank of Scotland and Halifax, also said it had made contingency plans to shift some of its business from Scotland in the event of a ‘yes' vote. However, it said it was a legal procedure and there would be "no immediate changes or issues". The statement from Lloyds said: "Lloyds Banking Group has seen an increased level o...
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