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From Wikipedia, the free encyclopedia

Private banks are banks owned by either the individual or a general partner(s) with limited partner(s). Private banks are not incorporated. In any such case, 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 (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672.

Notable private banks

This list contains two types of banks:

  • Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s).
  • Incorporated banks specialized in wealth management for high-net-worth individuals.

China

France

India

Germany

Schwäbische Bank (now part of M.M.Warburg)
Schwäbische Bank (now part of M.M.Warburg)

Italy

Liechtenstein

Netherlands

Switzerland

United Kingdom

United States

Rosenthal and Rosenthal private bank
Rosenthal and Rosenthal private bank

See also

References

  1. ^ Burggraf, Helen (7 June 2017). "UBS to sell its Netherlands wealth management biz". International Investment. Retrieved 3 February 2021.
  2. ^ "A Chinese carmaker agrees to buy a Danish investment bank". The Economist. 5 October 2017.
  3. ^ "COMPANY NEWS; Belgian Bank Deal". The New York Times. 25 April 1990. p. 5. Retrieved 3 February 2021.
  4. ^ Miller, Zoe (30 May 2019). "The 20 oldest banks in the world still operating today". Retrieved 2 January 2021.

External links

This page was last edited on 4 February 2021, at 02:05
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