Peter Flavel, chief executive

Coutts saw profits fall as it weathered the challenging market conditions of 2020.

Natwest’s private banking business, which encompasses Coutts and Adam & Co, reported full year operating profits of £208 million, 37.5 percent lower than the £297 million recorded at the end of 2019.

The private bank said this loss was due to low interest rates and impairment losses of £100 million, resul...