RBS, Lloyds to Lead Financial Exodus on Scottish Yes Vote

RBS, Lloyds to Lead Financial Exodus on Scottish Yes Vote

Lloyds said in a statement late yesterday that it already has a contingency plan for establishing new legal entities in England in the event of a Yes vote, while RBS said today that such an outcome would make it necessary to re-domicile the headquarters.

Any company should be free to choose where to locate its base, in the light of what best suits the stability and competitiveness of its business.

Rather than risk perpetual uncertainty over Scotland’s future, the banks would want to kick off the relocation process irrespective of the decision,

http://www.bloomberg.com/news/2014-09-10/rbs-lloyds-london-move-irreversible-after-scot-turmoil.html?alcmpid=markets

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