Report questions financial stability of independent Scotland.

 If Scotland were an independent state, its banking sector would have assets totalling 1250% of GDP, a U.K. government report said, throwing the financial risks inherent in a 2014 referendum on Scottish independence into stark relief. By contrast, Cyprus' banks had assets equivalent to 700% of economic output before the country's financial sector was hit by a devastating crisis. Such an "exceptionally large banking sector" would be vulnerable to financial shocks, and taxpayers may be at great risk if the central government didn't have the capacity to deal with the fall out, the U.K. says. Scotland's Finance Secretary called the report "a feeble attempt to undermine confidence" in an independent Scotland.