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.
More top news
An intrepid group of activists is taking its message of independence to new heights by leaving giant 'Yeses' on hillsides across Scotland.
Newly-released documents reveal how British spymasters used an enticing female agent to test the mettle of rookie spies.
Researchers studying the King's remains believe he died after sustaining numerous blows to the head.