What does private bank mean?
Definitions for private bank
pri·vate bank
This dictionary definitions page includes all the possible meanings, example usage and translations of the word private bank.
Wikidata
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.
Numerology
Chaldean Numerology
The numerical value of private bank in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of private bank in Pythagorean Numerology is: 2
Examples of private bank in a Sentence
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.
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.
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.
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.
Translations for private bank
From our Multilingual Translation Dictionary
- निजी बैंकHindi
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"private bank." Definitions.net. STANDS4 LLC, 2025. Web. 6 Feb. 2025. <https://www.definitions.net/definition/private+bank>.
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