Scotland and the banks

The UK government this week ruled out any question of agreeing to a currency union with an independent Scotland. So where does this leave Scotland’s currency conundrum? And what about the banks? Scotland has two very large banks – RBS and HBOS. The majority of both RBS’s and HBOS’s business is in England & Wales.

The UK government this week ruled out any question of agreeing to a currency union with an independent Scotland. So where does this leave Scotland's currency conundrum? And what about the banks? Scotland has two very large banks - RBS and HBOS. The majority of both RBS's and HBOS's business is in England & Wales.
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