Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

RBS warns Scotland independence would 'significantly' impact costs

RBS warns Scotland independence would 'significantly' impact costs

Royal Bank of Scotland has warned that a vote for Scottish independence would ‘significantly’ impact the group’s costs and would be likely to have a negative impact on its credit rating.

A vote to leave the UK ‘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, said RBS, which is headquartered in Edinburgh but remains 81% owned by the British taxpayer.

More generally the uncertain nature of Scotland’s membership of any currency union ‘could also impact the fiscal, monetary, legal and regulatory landscape to which the group is subject’.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter