Originally Posted by
Asturias56
"Who is going to be the guarantor of all those Scottish mortgages when there is no bank?"
The Central bank doesn't guarantee mortgages - you get them from a commercial organisation - such as the Bank of Scotland plc - or the Halifax
It's the currency a C Bank manages - and they could just adopt the Euro (which for 25 years some folk in England have been claiming "can't last")
Which bank does Scotland own? All those current mortgages are with UK banks /building societies with Sterling set at an interest rate in Sterling. Which new commercial bank is going to provide mortgages with no accounts and no savings?