Before the referendum, British banks are threatening Scotland – FAZ – Frankfurter Allgemeine Zeitung

Before the referendum, British banks are threatening Scotland – FAZ – Frankfurter Allgemeine Zeitung

 
      

 
 
 
 
 
     
 
 
 
 
 

 
     
 
             
     
                          This branch of the Royal Bank of Scotland is already in London. The Scottish main unit could be added soon.
             

 
 
 
     
 
     
     
                                                             

The major UK banks Royal Bank of Scotland (RBS) and Lloyds want Scotland turn their backs in the event of a vote for independence. The RBS announced this Thursday, they will then move its headquarters from Edinburgh to London. However, a large part of the business should be handled from Scotland. There, the Royal Bank of Scotland has been based since its founding in 1727. The RBS is more than 80 percent in British state-owned.

             
         

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, also based in Edinburgh, Lloyds said it had at one Yes the Scots contingency plans in the drawer. So “new legal main units in the UK” would founded, said the bank, of course, to substantiate without notice. Already last week was on citing people familiar with the matter reported that the nationalized to fourth Lloyds Bank planning to move to London. Lloyds shares rose on Thursday at the start of trading by 1.6 percent, RBS title put two percent.

             
                                                             

Both Lloyds and RBS were saved due to the financial crisis with tax-billion. In Scotland based banks have assets in the balance sheet in excess of twelve times the local economic performance. Therefore, doubts had arisen whether an independent Scotland would cope in the event of a banking crisis but times without England; the pound note bank would no longer stand in as an emergency rescuer.

             
                                                             

investors and investors shy away from the unknown consequences of a yes-vote on September 18. You come and pick stocks from plants of Scotch banks, in order to create different.

             
                                                             

In addition, exit clauses are specified in the contracts for some time. They enable investors and lenders in case of victory of the separatist a withdrawal from the contract or demand the immediate repayment of the loan.

             
                                                             

This past weekend was the first time a survey found a majority in favor of secession. The latest survey of the “Daily Record”, however, sees again the Unionists slightly forward. It will be a close vote on Thursday next week.

             
 
   
 
 
 
           

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Before the referendum

British banks are threatening Scotland

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If renounce the Scots from the UK, want big money houses to London. Even otherwise there is further unrest.

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