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SCC: NO STONE SHOULD BE LEFT UNTURNED OVER HBOS FUTURE
Commenting on the future of HBOS, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:
“Scotland’s financial services sector, and particularly our strong banking heritage, is at the very heart of our economy. We have developed an internationally renowned reputation for security and probity, and it is essential that this well earned accolade continues beyond the current situation in the global financial services sector, helping to fuel the recovery in our economy.
“That is why it is so important that we get decisions over the future of HBOS right. Scotland needs a strong and competitive business banking sector, geared to meet the needs of Scottish businesses and customers throughout the UK and internationally. All potential bids to secure the future of HBOS and its services must be measured against the criteria of what is best for the Scottish economy and best for Scottish business banking customers.
“It is vital that nothing is ruled in or ruled out at this stage, and that all bidders and potential bidders are treated fairly and equitably. We only have one opportunity to get this right, and Government must ensure that all options are on the table.”