What Happens to British Banks If Scotland Votes to Separate? Q&A

Scots are set to vote today in a referendum on whether to leave the United Kingdom, with the first results expected early tomorrow morning.

A “yes” vote would complicate the future of financial institutions with operations on both sides of the border, especially Royal Bank of Scotland Group Plc and Lloyds Banking Group Plc, which were both bailed out by the U.K. after the financial crisis and have substantial operations in Edinburgh.