Scotland referendum on independence News

‘Minimal’ Insurance Effect If Scotland Exits U.K., Says Lloyd’s of London Chair

Lloyd’s of London Chairman John Nelson said several years of uncertainty will follow if Scotland leaves the U.K. “The immediate effect would be a period of perhaps two years of uncertainty,” said Nelson, 67, in an interview from Monte Carlo …

London Financial Leaders Weigh Risks of Scotland Shock

As Scotland stares history in the face, London’s financial guardians are preparing for their worst-case scenario. Six days before a referendum that could see Scotland ending its 307-year political bond with the United Kingdom, officials at the Bank of England …

EU’s Justice Chief Reding Warns UK Exit Would Isolate City of London

London’s financial services center would lose access to the wider European Union should Britain quit the bloc, the EU’s justice chief said on Monday, warning that such a move would reduce its status to that of an offshore center. Viviane …