NatWest Group is contemplating a takeover bid for one of Britain’s biggest wealth managers.
Sky News reported that the Royal Bank of Scotland owner is in the early stages of a deal with Tilney Smith & Williamson, potentially worth around £3bn.
The bank is said to be among a number of potential suitors exploring bids for the firm, which is owned by Permira and Warburg Pincus, with around £57bn of client assets under management.
