The rest of the nineteenth century saw the bank pursue mergers with other Scottish banks, chiefly as a response to failing institutions.
This provoked such a response that the government was forced to relent and allow the Scottish banks to continue printing pound notes.
The emergence of the two Scottish banks as rival bidders is somewhat novel.
His campaign led to Scottish banks continuing to print their own banknotes.
Increased offers had been expected, and each Scottish bank played down the other's move while trying to rally shareholder support for its own bid.
Obviously, with the debts of the Scottish banks too.
It was also the first Scottish bank to open an office in London (1864).
The main Edinburgh offices of the four major Scottish banks are:
Ok so the "evil English" bail out the Scottish banks.
Three Scottish commercial banks currently issue their own banknotes, which are not legal tender.