Scottish business tycoon Ralph Tweedie attempt to buy Scotland's largest bank for a pound and to relocate its entire operation to Iceland has now finally been put to rest. The idea was born out of the fear that Scotland would become independent and the bank loose its footing on the International stage.
The debt riddled bank was to be renamed The Royal Bank of Iceland and its thousands of head office staff to be relocated in Iceland' s premier business park Stragness. Not only that, but Mr Tweedie also had outlaying planning permission to build a whole New Town of self heated chalets and virtual High Street to accommodate staff and their family's needs.
The flamboyant plans were eventually dashed when Mr Tweedie discovered from his firm of accountants that his offer of a solitary pound may have been too excessive and that staff were determined not to move to a colder climate.
Further consideration had been given to moving the banks operation onto a uninhabited Scottish Island or a redundant oil rig platform but these were dismissed as being silly as they were still in Scotland.