Well well well…..RBS upping sticks! Good news for Scotland then… All these scare stories of how would an Independent Scotland manage to bail out the banks made by Westminster, really hit the buffers….Its their baby now…..they had best hope there is not another banking crisis!! RBS has been state owned for some time now, and is still limping along like an injured beast….
Standard and Poors last year gave an Independent Scotland the thumbs up with a top credit rating, but in the process said “should banks leave it
could bring benefits in terms of reducing the size of the Scottish economy’s external balance sheet, normalizing the size
of its financial sector, and reducing contingent liabilities for the state. ”
In effect, we would not have their humungous liabilities to contend with or account for.. They already do over 90% of their commercial banking in London, so let them keep them..
If anyone after 2008 trusts the Banks to run the country, and serve our interests, they must be gullible to the extreme…
Meanwhile the love bombing and threats frantically continue to be thrown at us, it is akin to having an abusive and needy estranged spouse stalking us.
As RBS and the Llloyds owned HBOS do a runner with their brass plaques, normal services will continue with branches and staffing for us ordinary folks, it will have zero impact on us.
It has been many a long year since these banks could be called Scottish in any case, so yes take your huge debts and brass plaques, and don’t leave the door open behind you!