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 ?
A jury consisting of nine industry experts compares private banks using KPIs in the areas of portfolio management, asset allocation, due diligence, risk management, growth strategies, customer service, ethical factors, business models, employee loyalty, and innovation.
Scope The report features: -- Offshore centres ranked by wealth management AuM -- Detailed profiles on 18 offshore wealth management centres -- Leading private banks, family offices and wealth managers in each offshore centre and country wise regulations -- Details of the development, challenges and opportunities of the Wealth Management sector in each centre -- Selected city wise ratings of wealth management saturation and potential -- Case Studies on Chinese offshore wealth, UK non-dom wealth and the global clientele model -- Detailed wealth management and family office information
HSBC Private Bank is one of the top international private banks in the Middle East, providing integrated banking, investment and wealth advisory services to clients across the region.
Bank of Singapore must now receive recognition as the leader among an energetic new breed of professional Asian wealth managers, which are increasingly competing with the big Western private banks.
Private banks and wealth managers are all scrambling to provide a cornucopia of innovative, attractive products and services, while emphasizing "value-added" opportunities and a high level of service, critical in the highly competitive business of private banking.
In order to better understand the money laundering issues related to private banking, it would be very useful to first provide you with some background information on what we consider to be private banking and the way in which private banks operate.
The result: private banks that pamper CEOs and others flush with cash.
The development characteristics of private banks in China
In 2008, when many private banks shed clientassets, HSBC had a net inflow of $24 billion, equivalent to 5.
NASDAQ: BPFH), announced a plan to consolidate the charters of its four affiliated private banks into one integrated bank charter.
The private banks themselves have been asked to identify the companies they admire as the top providers of both competitive and non-competitive services to create a peer poll within the industry.
5 billion in deposits, making it one of the largest private banks in the nation.