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 ?
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.
It is equally an important reminder of the trust and confidence that our clients place in us and reflects the Private Banks success in achieving an obvious, yet challenging, goal to recognize each of our clients as an exceptional individual and provide the service that embraces such individuality.
The GCC market for private banking services is complex, fragmented and opaque, according to a recent study by Insight Discovery, which revealed that with 61 private banks currently present in the Gulf Cooperation Council (GCC) countries, the sector is also extremely competitive.
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
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.
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.