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Governor of the Bank of England Mark Carney has warned that there is a "distinct possibility" that the Royal Bank of Scotland would have to move outside of Scotland in the event of a vote for independence.
Speaking to MPs on the Treasury select committee, Mr Carney said European laws require banks to have their head offices in the same member state as their registered offices. Asked if RBS would have to move to the remaining UK if voters backed independence, he said:
It's a distinct possibility but I shouldn't prejudge it.
It depends on their arrangements as well, if they were to adjust more into Scotland the minor management of the institution.
Beautiful blue skies for many today. Cloud across the south will keep it grey and cool - especially in the breeze - but cheering up as skies brighten for all but the south coasts as the afternoon goes on.
Most of us will have a fine, clear end to the day. Temperatures will be lower than of late; feeling cool in the breeze along the coasts and under the cloud. In the sunshine 12-13c at best
Poland's Prime Minister Donald Tuck said the European Union will impose sanctions on Russia from Monday over its military incursion into Ukraine's Crimea region.
"When it comes to sanctions on Russia, a decision has in fact already been made, especially on the procedure of introducing sanctions. The consequence of this will be the start of sanctions on Monday".
The second witness called in the trial of Nigel Evans has described seeing the MP put a hand down her friend's trousers.
She told the court her friend "found it annoying, but we both found it amusing as well".
Jurors heard she "laughed it off" and that it was "not a serious incident - remotely. It was in full view. There was nothing furtive about it".
Richard Pennycock has been appointed as the interim Co-op group chief executive after Euan Sutherland's resignation.
The chair of the Co-op group said: "We will start the process to appoint a permanent successor and urgently to reform our governance."
Mr Sutherland will not accept incentives agreed "for delivery and protection of value in group and the Bank, even though this was successfully delivered."
Euan Sutherland has released the following statement following his resignation from the Co-operative group:
– Euan Sutherland
It is with great sadness that I have resigned as Chief Executive. I have given my all to the business and had hoped to be able to lead its revival.
Co-operative's chief executive Euan Sutherland has quit the group after offering his resignation to the board last night.
Mr Sutherland's resignation letter to the board came after he blamed his pay details being leaked to a newspaper on an "individual, or individuals, determined to undermine me personally."
Rebekah Brooks has denied being told while on holiday that News of the World staff thought Milly Dowler was alive and working in a factory.
No-one at the newspaper told her that they believed that the 13-year-old was employed in Telford, the former editor told the Old Bailey.
The court had already heard that the false lead was garnered from the hacking of the missing schoolgirl's voicemails by private investigator Glenn Mulcaire, who was working on behalf of journalists at the paper.
Brooks, who was on holiday at the time of the perceived discovery, said an operation to find the teenager by members of the paper's staff had not been disclosed to her.
A newborn baby elephant goes on public display today after being born at Twycross Zoo just one week ago.
The calf, who arrived at the Warwickshire zoo in the early hours of March 4, is being looked after by her mother Noorjahan.
She has yet to be given a name, but visitors to the attraction can see her out and about with the herd.
Asian elephants are classed as endangered.
Bob Crow's brother said he believed the union leader suffered a heart attack in the early hours of today and paid tribute to the "loveable little rogue".
Mr Crow's older brother, Richard Crow, told Sky News: "It's very sad. It was about 7am that I got the call (from my sister). I presume some time in the night he had some problems. We're really trying to find out exactly what happened.
"We grew up together in Chigwell in Essex and he was a very likeable chap - no matter what people said about his politics.
"He was honest, he looked after the people he was supposed to look after, and he was a great man as far as honesty and beliefs went. He was a person who believed in justice."
When asked what Bob was like when he was younger, Richard replied: "He was one of those loveable little rogues, one of those guys that had bundles of friends. He would be a cheeky chappie Cockney kid. He was a lovely kid to grow up with."