Saturday, June 5, 1999 Published at 12:37 GMT 13:37 UK
Business: The Company File
Bank drops evangelist
Bank of Scotland: Forced to abandon venture
The Bank of Scotland has scrapped a controversial deal with outspoken television evangelist Pat Robertson.
The telephone banking venture had been widely expected to collapse after Dr Robertson said Scotland was "a dark land" overrun by homosexuals.
"In reaching this agreement Dr Robertson expressed regret that media comments about him had made it impossible to proceed," added the statement.
Step into US market
But bank came under increasing pressure to drop the project, which also pushed down the bank's share price by almost 4%.
Some Scottish customers were unhappy that their bank should do business with a man who holds views such as Dr Robertson.
The bank acknowledges that up to 500 people have switched their accounts to other banks.
Big clients unhappy
The new Scottish Parliament holds an account with the bank and MSPs indicated they would call for it to be closed.
West Lothian Council in Scotland had arranged to meet later this month to consider whether to continue depositing funds with the bank or withdraw them. That meeting is now likely to be cancelled.
The Scottish Trades Union Congress also threatened to switch the business of 100,000 of its members, who use a Bank of Scotland affinity card.
The Company File Contents