Royal Bank of Scotland CEO Alison Rose gives a speech to staff and stakeholders for the publication of the annual results at the bank's London headquarters. PA Photo. Picture date: Friday February 14, 2020. See PA story CITY RBS. Photo credit should r
By Scott Wright
ROYAL Bank of Scotland owner NatWest Group is exploring the sale of its Adam & Co private banking division.
Speculation has emerged tonight that the state-owned bank has been holding talks with advisers over the potential disposal of the majority of the Adam & Co operation. It was reported that a number of players are competing to acquire the bulk of Adam & Co, with a price-tag of £50 million mooted.
According to the report, the lending book of the operation will be folded into Coutts, one of NatWest's other private banking units.
NatWest declined to comment.
The bank will publish its annual results on Friday.
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