I'm reading this news about NatWest buying Evelyn Partners Wealth Manager and I gotta say, it's a big deal 
! They're basically investing £2.7 billion in this UK wealth manager to tap into the high-net-worth market. It's like, they want to be one of those fancy private banks that cater to millionaires 
.
It makes sense though, because Evelyn Partners has a solid client base with £69 billion under management. And NatWest already has Coutts private banking division, so it's like a natural fit. Plus, Paul Thwaite thinks it'll drive 20% revenue growth from fees - that's a big number
.
But some analysts are skeptical about the deal, saying the economics don't quite add up. Like, Shore Capital's Gary Greenwood is all "cautious" and stuff
. I get it, deal with £2.7 billion, you gotta make sure it's worth it in the long run.
Anyway, NatWest's been on a growth spurt lately, what with buying that residential mortgage book from Metro Bank
. So fingers crossed this Evelyn Partners deal works out for them! 
! They're basically investing £2.7 billion in this UK wealth manager to tap into the high-net-worth market. It's like, they want to be one of those fancy private banks that cater to millionaires .It makes sense though, because Evelyn Partners has a solid client base with £69 billion under management. And NatWest already has Coutts private banking division, so it's like a natural fit. Plus, Paul Thwaite thinks it'll drive 20% revenue growth from fees - that's a big number
.But some analysts are skeptical about the deal, saying the economics don't quite add up. Like, Shore Capital's Gary Greenwood is all "cautious" and stuff
. I get it, deal with £2.7 billion, you gotta make sure it's worth it in the long run.Anyway, NatWest's been on a growth spurt lately, what with buying that residential mortgage book from Metro Bank
. So fingers crossed this Evelyn Partners deal works out for them! 
they r goin all out 2 tap into th high net worth market and its gonna be HUGE 
paul thwaite said it wud drive a 20% rise in revenue from fees and i trust him 2 do his thang 
and yeah i can see why some ppl r skeptical bout the deal economics but natwest is like, makin moves 
