NatWest Shifts Focus to Wealth Management for Steady Revenue

UK retail bank NatWest has traditionally generated the majority of its income through interest on mortgages and other loans. Bloomberg posted on X that the bank, along with many others, is now aiming to diversify its revenue streams by expanding into wealth management. This strategic shift is driven by the desire for a more consistent flow of fees, which wealth management can provide. The move reflects a broader trend among banks seeking to stabilize income amid fluctuating interest rates and economic conditions.