THE chief executive of Royal Bank of Scotland owner NatWest Group has said that the institution would move its headquarters from Edinburgh to London in the event of Scottish independence.
Alison Rose said the Edinburgh-based bank's balance sheet would be “ too big” for an independent Scotland as she underlined the plan.
First Minister Nicola Sturgeon said that she "does not accept" the rationale that the NatWest's Group's balance sheet is too big for an independent Scotland.
Speaking after Ms Rose said that the bank would move its HQ to London in the event of Scottish independence, the First Minister said the plan was to engage "constructively" with businesses.
Standard Life Aberdeen to change name
EDINBURGH-based financial services giant Standard Life Aberdeen this week unveiled plans to change its name to Abrdn.
Record profits propel Genoa Black expansion
BUSINESS strategy specialist Genoa Black is launching a new management consultancy arm after announcing a double-digit increase in turnover and profits in its latest financial year.
READ MORE: The firm said it secured 25 new clients during the 12 months to July 2020 from sectors such as the energy, food and drink, life sciences and manufacturing industries.
Special Series: The Connectivity Challenge
Day One: Anger over Scottish Government connectivity funding hold-ups
Day Two: R100 delays bring 'open season' for smaller players in digital game
Day Three: 'Patchy connectivity hampering economic recovery'
Pub with one of biggest beer gardens in Glasgow's east end reopens
A PUB in the east end of Glasgow is opening its doors for the first time in 13 months this week – and it will offer one of the biggest beer gardens in the area.
First pictures: Gleneagles' Edinburgh hotel unveiled
IMAGES showing how the luxurious interior set to welcome the first visitors to Gleneagles’ Townhouse in the Scottish capital later this year will look have been unveiled.
Analysis, Insight, Opinion
Kristy Dorsey: Young people waiting longer to get stuck into working life
Scott Wright: Leader's pay under the microscope at Scottish banking giant
Ian McConnell on Wednesday: Jealousy of public sector will not solve grim pension poverty
Mark Williamson: Shake-up at oil giant will impact many Scots
Ian McConnell on Friday: What to make of astonishing name call?
Brian Donnelly: Tory MPs trash Boris Johnson Brexit exports narrative
Features
Monday Interview: Seventies-style inflation 'to bring investments revival'
SME Focus: Lanarkshire mental health specialist makes impact in schools
From the Bulletin: Is this the world's best whisky?
Sign up
Get Business Week sent direct to your inbox every Sunday, as well as the twice-daily Business Bulletin and morning Business Briefing below:
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel