UK state-backed banking group NatWest is in talks to sell its private banking unit Adam & Co, Sky News reported. NatWest is said to have hired Evercore to advise on the sale. NatWest, which also owns wealth manager Coutts, was previously known as the Royal Bank of Scotland Group until it rebranded last year. The group became majority state-owned after it was bailed out by UK taxpayers after the 2008 financial crisis. The UK government is looking to reprivatize the group by 2025.