Private Bank


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Private Bank

1. A bank structured as a sole proprietorship or a partnership. That is, a private bank is any bank that is not a corporation. The proprietor or general partner of a private bank is personally liable for the bank's losses. Private banks are rare.

2. See: Private Banking.
References in periodicals archive ?
In addition, Di Iorio was the recipient of Euromoney's inaugural award for the Best Global Private Bank CEO.
Morgan Private Bank said: "It is an honor to receive this recognition from Euromoney.
Erste Group was awarded the prestigious award in the categories Best Private Bank in Central & Eastern Europe, Best Private Bank in Croatia and, for the second consecutive year, Best Private Bank in Austria in 2014.
Outstanding Global Private Bank 2013 - Sponsored by AG Delta
The Swiss wealth management boutique Falcon Private Bank has signed an agreement to acquire the Central and Eastern Europe private banking business of Hyposwiss Private Bank Zurich, a wholly owned subsidiary of St.
HSBC Private Bank announced that it has received two of the Private Banking industry's most prestigious awards for its Middle East business.
EFG Private Bank, EFG International's business in the UK, has appointed Daniel Gerber to the position of managing director and head of Private Banking, with effect from July 2.
Summary: DUBAI - Societe Generale Private Banking has been voted Best Private Bank in the Middle East by the Banker Middle East magazine following online votes received from a thousand readers.
Citi Private Bank announced Thursday the appointed of Peter Charrington as the Chief Executive Officer of its North American business.
Prior to assuming his private banking and commercial real estate responsibilities in the New York City Division, he was head of the Private Bank and Philadelphia Region in 2005-06.
Latin investors are more sophisticated and less risk averse today," says Manuel Diaz, President and Manager, HSBC Private Bank International in Miami.
Customers most often seek out the services of a private bank for issues related to privacy, such as security concerns related to public prominence or family considerations or, in some instances, tax considerations.