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
Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Wealth Manager on Twitter