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BoS squeeze on NatWest

Bank of Scotland is aiming to squeeze an extra £518m from National Westminster Bank, if it beats Royal Bank of Scotland in the ongoing £22.5bn takeover battle.


BoS is claiming the extra revenue can be achieved by opening new branches, cross-selling new products to customers and tailoring services to small businesses.


The forecasted extra revenue will be on top of the £1bn cost savings BoS is already projecting.


But Natwest chief operating officer Ron Sandler says: “The retail bank has undoubtedly left opportunities for cross-selling but we do not believe Bank of Scotland would achieve the revenue growth we can achieve ourselves.&#39


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Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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