Wealth and Asset Management
Coutts’ profits drop 58% as clients demand higher-interest accounts
Profits at Coutts dropped 57.6% in the third quarter compared with last year, as clients moved into higher-interest-bearing accounts. NatWest’s private banking arm recorded a Q3 operating profit of £59m, down from £139m in the equivalent period last year. Profits have also been slashed compared with second-quarter figures of £101m….
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