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RBS confirms sales of NatWest insurance holdings

The Royal Bank of Scotland has confirmed the sale of its 50 per cent stakes in NatWest Life and Royal Scottish Assurance to CGNU.

The £600m deal comes as no surprise as it formed part of the takeover bid RBS launched for NatWest in November.

The high street bank is also launching the new marketing campaign for the redesigned NatWest.

The television, national press and poster campaign features the slogan “Another Way.” It is intended to poke fun at competitors such as Barclays who have closen large numbers of branches in recent months.

The ads reassert the banks&#39 determination to keep branches open.

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