NatWest private banking and wealth management income surges on Evelyn integration

Total income was 47% higher than in Q2 2026, "primarily reflecting the acquisition of Evelyn Partners" in February. Operating costs rose by £101m, or 54.6%, for the same reason, the bank explained.  Return on equity as calculated by the group, according to non-IFRS financial measures, rose to 32.3% for its wealth business, up from 26.5% in the previous quarter.  The stock exchange notice highlighted that the acquisition led to a 128% increase in non-interest income over the quarter, as total assets under management rose to £118bn, up from £43.7bn prior to the M&A deal at the end of la...