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. Last Updated: 07/27/2016

Bank Calls Off Evangelist Deal

EDINBURGH, Scotland -- The Bank of Scotland said over the weekend that it had scrapped plans for a controversial alliance with outspoken American television evangelist Pat Robertson, whose criticism of Scotland embarrassed his new British partners.

As had been expected, the bank said Saturday that it had agreed with Robertson to end the proposed venture after the former U.S. presidential candidate described Scotland as a dark land where homosexuals wielded great power.

The bank's chief executive, Peter Burt, and Robertson agreed during an emergency meeting in Boston on Friday that the plan to set up a telephone-based bank - despite still making good business sense - was doomed.

"Dr. Pat Robertson and Peter Burt ... agreed that the changed external circumstances made the proposed joint venture between Robertson Financial Services and Bank of Scotland unfeasible," a bank statement said.

The bank said it would buy out Robertson's stake in the venture.