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 ?
Erste Group has been recognised as best private bank in CEE, Austria and Croatia.
BDO Private Bank (BDOPB) is one of the world's best private banks for continuously providing the diverse investment and financial needs of its high net-worth clients, according to financial magazine Global Finance.
Mashreq, one of UAEs leading financial institutions, was selected Best Private Bank for Super Affluent Clients in the UAE in the prestigious Euromoneys 13th annual private banking survey for 2016.
Outstanding Global Private Bank 2013 - Sponsored by AG Delta
HSBC Private Bank announced that it has received two of the Private Banking industry's most prestigious awards for its Middle East business.
22 May 2012 - Swiss wealth management firm Falcon Private Bank has strengthened its team in Hong Kong with the appointment of Lousiana Cheung as executive director and head of private banking in Hong Kong, The Asset reported on Tuesday.
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.
Under the leadership of Daniel Truchi, global CEO of Societe Generale Private Banking, the executive committee - comprising six members - will lead the strategy and development of the private bank.
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.