Reuters not reuse 2016-08-15t084644z_2_lynxnpec7e0gu_rtroptp_3_britain-banks-branches.jpg
A man walks past a branch of The Royal Bank of Scotland in central London
Photograph: REUTERS/Toby Melville/File - © Toby Melville / Reuters

Royal Bank of Scotland (RBS) would move its main office from Scotland if the nation were to split from the UK after Britain's vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said.

"The Royal Bank of Scotland would just be too big for the economy (...) but that's around the plaque and not about where our people (are) because we have a very big business up here in Scotland," Chief Executive Ross McEwen told the BBC in an interview. 

"We will have the people in the right place, moving the plaque won't make any difference to that."

The head of Scotland's devolved government, Nicola Sturgeon, has vowed to find ways to honour Scotland's vote to stay in the European Union, which was at odds with the overall vote in Britain to leave the bloc. As part of that she said is not ruling out holding a second independence referendum.

Less than two years ago Scots voted to stay in the UK by 55 to 45 percent.           

Royal Bank of Scotland has been based in Scotland since 1727 and employs 11,000 staff. In the wake of Britain's vote to exit the EU, there has been debate about the impact of Brexit on financial services sector, which is key for Scottish jobs. 

Asked what his advice to Sturgeon would be, McEwen said:    "Take account of uncertainty, that's what you're seeing after Brexit. It's uncertainty that slows markets down, make sure the long game is worth it, but that's going to be up to the people of Scotland."

 (Reporting By Elisabeth O'Leary; editing by Michael Holden)

Latest news

Fire at asylum seeker accommodation in Sweden

A fire overnight at an accommodation centre for asylum seekers in Sweden caused injuries to at least a dozen residents, police said on Sunday.

Analysts: Croatia's economy rises 3.3%, hitting new high since 2008

Croatia's economy expanded 3.3 per cent in the last quarter of 2016, compared to Q4 2015, according to projections of economic analysts polled by Hina, who ascribe this record high rise to increasing personal consumption, higher industrial output rates and growing investments.

Fate of German hostage in Philippines unknown as deadline passes

The fate of a 70-year-old German man held captive for three months in the southern Philippines was unknown after a deadline for a ransom to be paid passed Sunday, a military spokesman said.

Dengue fever risk growing in Thailand, authorities say

Dengue fever is posing a greater threat in Thailand, particularly in the southern region, the country's Disease Control Department said Sunday, as the number of people killed by the mosquito-borne disease this year stands at six.

Brexit fears plague locals and expats alike in southern Spain

As Britain's departure from the EU approaches, the anxiety is most palpable on Spain's Costa del Sol, where so many Britons live. What will happen to the economy if the expats one day have to leave?

'La La Land,' politics to share spotlight at Oscars

The Oscars will take the stage Sunday for an awards ceremony whose outcome feels like a foregone conclusion - a win, or 10, for "La La Land."

Suspected drunken driver injures 28 at New Orleans Mardi Gras parade

A pick up truck driven by a suspected drunken driver plowed into a crowd of spectators at a Mardi Gras parade in the US city of New Orleans on Saturday, injuring at least 28 people.

"Moonlight" big winner at independent film awards

The coming-of-age drama "Moonlight" won six prizes including best feature at the 32nd Film Independent Spirit Awards Saturday, claiming the Hollywood spotlight on the eve of the Oscars.

Trump: I won't attend White House Correspondents' Association Dinner

US President Donald Trump said Saturday that he does not plan to attend the White House Correspondents' Association Dinner this year.

US Democratic Party chooses Tom Perez to be next party chief

The US Democratic Party elected former labour secretary Tom Perez as its next party chief at a meeting in Atlanta on Saturday.

73-year-old man dies after car ramming in Germany

A 73-year-old male pedestrian died from his injuries after being run over when a car rammed into people in the south-western town of Heidelberg, police said Saturday.

Syrian government vows retribution for Homs attacks that killed 42

The Syrian government vowed retribution for synchronized attacks on Saturday in Homs City that left 42 security personnel dead and reportedly involved up to six suicide bombers.