Definitions for private bank
pri·vate bank

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1. Private bank

   Private banks are banks owned by either an individual or a general partner with limited partner. Private banks are not incorporated. In any such case, the creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes. Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. There were many private banks in Europe, but most have now become incorporated companies, so the term is rarely true any more. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high-net-worth individuals. "Private banks" can also refer to non-government owned banks in general, in contrast to government-owned banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.

How to pronounce private bank?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say private bank in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of private bank in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of private bank in Pythagorean Numerology is: 2

Examples of private bank in a Sentence

1. Andrew Tyrie:

   The (Treasury) Committee is concerned about allegations involving HSBC and its Swiss private bank, banks have repeatedly told the Committee that, since the crisis, they have put in place reforms to ensure that they operate on the basis of sharply improved standards. The Committee will need reassurance that they have done so in private banking.

2. Peter Boyles:

   The practices and the banking model of that time are no longer acceptable, our clients want to know that we have changed and the past practices they read about in the papers have no place in our modern private bank. And from our side we have absolutely no appetite to do business with clients or potential clients who are evading their taxes or who fail to meet our financial crime compliance standards.

3. Peter Boyles:

   The practices and the banking model of that time are no longer acceptable, our clients want to know that we have changed and the past practices they read about in the papers have no place in our modern private bank.

4. Andrew Hendry:

   One CEO of a private bank said in his experience of losing bankers, only about 30 percent of clients go with them, pre-2008, you're looking at anything around 70-80 percent.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=private bank