NatWest-RBS ‘in talks to sell Adam & Co’

NatWest-RBS is in talks to offload private banking subsidiary Adam & Co, according to a report on Sky News.

NatWest-RBS is working with Evercore, the investment bank, to help divest the bulk of Adam & Co’s operations, the report claimed.

Adam & Co’s lending book would be folded into Coutts, NatWest group’s main wealth management business.

There are likely to be a few suitors for Adam & Co, meaning the sale price could hit £50 million.

A NatWest spokeswoman declined to comment.

NatWest-RBS will release its annual results on Friday

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.