Lloyds’contingency plans if Scots vote for independence could include moving its official offices from Edinburgh to London in order to avoid being classed as a Scottish bank.
Though largely operating from its London headquarters, the bank’s registered offices are in Edinburgh.
However, the part-state-owned bank could leave Bank of Scotland behind in its flight south of the border, leaving it to continue operating from its Edinburgh headquarters and classed as a foreign division of the group.
Lloyds will make a decision after the results of the referendum and has previously said it will work with authorities to serve customers across the UK if Scotland chooses independence.
The bank told Reuters:
The scale of potential change is currently unclear, but we have contingency plans in place. In the event of a 'yes' vote in the referendum, there would be no immediate changes or issues which could affect our business or our customers.
There will be a period between the referendum and the implementation of separation, should a 'yes' vote be successful, that we believe is sufficient to take any actions that we believe necessary.
Scotland’s First Minister Alex Salmond has outlined an 18-month period following a yes vote in which such matters could be negotiated.