Banks involved in the bidding for NatWest took further knocks yesterday as leading investors dumped shares as they moved to reduce their exposure to the out-of-favor sector, reports The Daily Telegraph.

One fund manager swimming against the stream was Scottish Windows, which spent about £18m on NatWest shares.  Sellers of the bank included Phillips & Drew, Hill Samuel and even NatWest's own asset management arm Gartmore.

Royal Bank of Scotland

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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NatWest bidders take a knock

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