- The chairman of HSBC, Douglas Flint, has warned that Scottish independence could prompt “capital flight” from the country and leave its financial system in a “parlous state”
- says sterling currency union is the “anchor” from which Scotland derives its economic success and financial stability
- Says “the transition from the existing currency union would be complex and fraught with danger”
More at the UK Telegraph, its ungated: Scottish independence may trigger immediate capital flight, warns HSBC chairman
Scotland votes on September 18 (OK, all you Scots …. this is your opportunity to do your bit for financial market volatility
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