Corporate banking to lose value in Scotland?

Corporate banking groups may find their Scottish operations lose value over the next few months, as one group predicts the economy is to slow during the final quarter of 2010.

Bank of Scotland has released a report saying the country's financial performance peak for the year is likely to have been July, with autumn and winter bringing weaker expansion and a fresh wave of job losses.

Chief economist Donald MacRae stated: "This latest update of the Index of Leading Indicators shows the tentative recovery slowing in autumn."

And corporate banking firms might see lower demand for services, as the executive argued consumer and business confidence continue to be affected by fears over lower spending and employment.

It was recently revealed house prices in Scotland tend to be lower than in the UK as a whole.

If the economy does contract in the near term, this might bring opportunities for private wealth investment in competitively-priced property.  ADNFCR-2318-ID-800044791-ADNFCR