Royal Bank of Scotland to pick Dublin as base

Royal Bank of Scotland chairman Howard Davies indicated the UK taxpayer-owned bank would probably pick Dublin as its EU base following Brexit and may have to move “tens” of employees from Britain to other offices.

“In our case we don’t have a problem because we do own a eurozone bank in the form of Ulster Bank,” Davies said in a Bloomberg Television interview yesterday.

“Probably we would have to move some people, but we are talking tens of people, not the numbers other banks are talking about.”