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RBS to relocate to England if Scotland votes 'Yes'

The bank's announcement follows similar move by rival Lloyds Banking Group

Royal Bank of Scotland Group has confirmed that it would re-domicile its holding company to England should Scotland vote for independence in a referendum next week.

The 80%-government owned bank said "there are a number of material uncertainties arising from the Scottish referendum vote which could have a bearing on the bank's credit ratings, and the fiscal, monetary, legal and regulatory landscape to which it is subject."

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