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Story summary
- NatWest Group will acquire Evelyn Partners (UK wealth management firm) for £2.7 billion to create a leading UK private banking and wealth manager.
- The merger would combine £127 billion in assets and is expected to raise fee-based revenues by 20%.
- NatWest has launched a £750 million share repurchase program.
- It forecasts 2026 total income of £17.2–£17.6 billion to diversify earnings amid lower rates.
- The deal awaits regulatory approval and is expected to complete by mid-2026.
