The Royal Bank of Scotland said today its costs would be "significantly" impacted if an upcoming vote on Scottish independence sees the region break away from the rest of the UK.
The bank - which released its half year results last week - added any break-away could have a material impact on its business. In its latest update it said a yes vote "could significantly impact the group's costs and would have a material adverse effect on the group's business, financial condition, results of operations and prospects". The bank - which is headquartered in Scotland - has already said it is considering its options regarding the independence vote. It has been careful not to enter the political debate over Scottish independence, unlike some competitors, saying that the...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
