The Scotsman Cartoon: Banks to move after Yes vote

Illustration: Iain Green

Illustration: Iain Green

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RBS and Lloyds Banking Group have said they will register themselves in England if Scotland votes Yes in the referendum on Scottish independence next week.

Lloyds Banking Group said it has plans in place to set up new “legal entities” in England if Scotland votes for independence.

RBS, which has been based in Scotland since 1727, has also said that it would be necessary to re-domicile the Bank’s holding company and its main operating entity to England.

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