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RBS 'contingency for London move' RBS 'contingency for London move'
(34 minutes later)
RBS confirms it has contingency plan to move its HQ from Scotland to London if there's a Yes vote in the referendum Royal Bank of Scotland has confirmed it has made contingency plans to move its headquarters from Scotland to London if there is a Yes vote in the referendum.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. A Treasury source told the BBC that it had discussed the plans with RBS.
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. Lloyds Banking Group also said it could shift some business from Scotland, after customers contacted it for clarification on their finances.
However, the banking group said it was just a legal procedure and "there would be no immediate changes or issues".
But a senior financier, Angus Grossart, said people should "not panic".
Mr Grossart, chairman of merchant bank Noble Grossart, told the Financial Times that the impact of a Yes vote was "severely overstated".