NatWest shares fall after $3.7 billion deal to buy one of UK's largest wealth managers
Teona Gherasim
NatWest's shares fell nearly 5% in early market moves on Monday after the company announced a £2.7 billion ($3.7 billion) deal to acquire one of the U.K.'s largest wealth managers, Evelyn Partners. The deal will see NatWest double its total assets under management to £127 billion, up from £59 billion, the British bank said in a press release Monday. NatWest is looking to boost its wealth management services as fee-based businesses can help counter a decline in interest income from falling
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