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private bank

{{Short description|Type of financial institution}}

{{For|financial services to high-net-worth clients|Private banking}}

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{{Banking |banks}}

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.

Private 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 =

= Germany =

Image:Schwäbische Bank.jpg Bank (now part of M.M.Warburg)]]

= Italy =

= Liechtenstein =

= Netherlands =

  • Maduro & Curiel's Bank, Willemstad, Curacao founded in 1917
  • MeesPierson, Rotterdam, founded in 1720: a member of ABN AMRO
  • Van Lanschot Kempen, founded in 1737. It is the oldest independent bank in the Netherlands{{Cite news |last=Burggraf |first=Helen |date=7 June 2017 |title=UBS to sell its Netherlands wealth management biz |work=International Investment |url=https://www.internationalinvestment.net/internationalinvestment/news/3503988/ubs-sell-netherlands-wealth-management-biz |access-date=3 February 2021}} and the Benelux{{cite news|title=A Chinese carmaker agrees to buy a Danish investment bank|url=https://www.economist.com/news/finance-and-economics/21730048-despite-curbs-outward-investment-chinese-firms-are-expanding-european|newspaper=The Economist|date=5 October 2017}}{{Cite news |date=25 April 1990 |title=COMPANY NEWS; Belgian Bank Deal |page=5 |work=The New York Times |url=https://www.nytimes.com/1990/04/25/business/company-news-belgian-bank-deal.html |access-date=3 February 2021}} and one of the oldest independent banks in the world.{{cite web |title=The 20 oldest banks in the world still operating today |url=https://www.msn.com/en-us/money/news/the-20-oldest-banks-in-the-world-still-operating-today/ss-AAC5XIc#image=9 |last=Miller |first=Zoe | website=MSN | date= 30 May 2019|access-date=2 January 2021}}

= Switzerland =

= United Kingdom =

= United States =

File:New York City 025 - Rosenthal and Rosenthal private bank.jpg

See also

References

{{Reflist}}

External links

  • [http://www.swissprivatebankers.com/en Swiss Private Bankers Association]

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Category:Banks