Deutsche Bank headquarters
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Deutsche Bank warning over Scottish independence

Deutsche Bank has compared a possible Yes vote in the Scottish independence referendum to the mistakes which led to the Great Depression of the 1930s.

Speaking on the Today programme, the bank's global strategist Bilal Hafeez warned that "the economic uncertainty that would ensue from independence, the unstable banking system that would also result, would really result in the Scottish debt having to offer much higher interest rates to attract investors."

Meanwhile First Minister Alex Salmond says the Scots would not be "bullied" by oil companies, supermarkets or London as the Scottish independence debate intensifies on the final weekend of campaigning.

First broadcast on BBC Radio 4's Today programme on Saturday 13 September.

  • 13 Sep 2014
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