The Anonymous Widower

Prospects For Scottish Banks

I have a trawl for the Royal Bank of Scotland in Goggle and two stories this morning make interesting reading.

Scotland Will Never Be Free as Long as It Has RBS is from Bloomberg and Analysis: Scottish banks plan quietly as independence debate gets louder is from the Chicago Tribune.

They should be read.

I don’t care which way Scotland votes, as it is their affair, but I won’t be following David Cameron’s advice to phone my Scottish friends and implore them to stay, Mainly because all of them seem to be in the Better Together camp.

One feeling I do have, is that the Scottish independence debate is the tail, that is wagging the donkey of the Royal Bank of Scotland.  No bank is too big to fail, but because of the referendum in September, no English politician dare put the Royal Bank of Scotland and its employees out of its misery.

I can’t believe that if Barclays had got into the sort of trouble RBS did, then it wouldn’t have been liquidated.

February 8, 2014 - Posted by | Finance, News | , , ,

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