Private bank

Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). 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 (1685). 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 banking).

"Private banks" can also refer to non-government owned banks in general, in contrast to government-owned (or nationalized) banks, which were prevalent in communist, socialist and some social democratic states in the 20th century.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Private_bank

Latest News for: Africa private bank

Edit

Nonâlife insurers report robust premium growth in February; buy ICICI Lombard on dips

Moneycontrol 18 Mar 2019

- Private non-life players continue to gain market share ... Market share continues to edge up for private insurers. Overall growth in premium was led by private general insurance companies, which reported a 26 percent growth in the current fiscal till February-end ... Axis Bank. India, Africa should examine if they can forge free trade pact....

Edit

Nedbank Private Wealth wins at Euromoney awards

Independent online (SA) 15 Mar 2019

We are pleased to have maintained our competitive edge, globally and locally," it said in a statement on Thursday after being named top private bank and wealth manager in South Africa for super affluent clients (US $1 million to US $5 million) and top private bank and wealth ......

Edit

World Bank announces plan to rehabilitate depleted forests

Xinhua 14 Mar 2019

... fight climate change," the interim president said during the One Planet Summit where the bank announced its plans to step up its climate support for Africa ... The bank's private sector arms would also continue to ambitiously grow their climate activities in Africa, Georgieva said....

Edit

Standard Chartered Private Bank names head for Middle East, North Africa operations

Reuters 14 Mar 2019

Standard Chartered Private Bank on Thursday appointed Ali Hammad as the market head of private banking in Middle East and North Africa ... ....

Edit

StanChart suffers senior private banker exits in Asia as unit earnings sag - sources

Independent online (SA) 13 Mar 2019

The Asia, Africa and Middle East-focused bank has also lost India private banking head Sandeep Das, who joined Barclays PLC last month as head of private clients India in private bank and overseas services, as per a Barclays announcement ... StanChart’s private banking business unit ......

Edit

Standard Chartered suffers Asia private banker exits, boosts Mideast staff: sources

Yahoo Daily News 13 Mar 2019

StanChart's private banking business caters to wealthy individuals across Asia, Africa, the Middle East and Europe, through booking centres in Singapore, Hong Kong, Dubai, India, London and Jersey ... The Asia, Africa and Middle East-focused bank has also lost India private banking ......

Edit

StanChart suffers senior private banker exits in Asia as unit earnings sag: sources

Deccan Chronicle 13 Mar 2019

Ray Li, StanChart private banking managing ... The Asia, Africa and Middle East-focused bank has also lost India private banking head Sandeep Das, who joined Barclays PLC last month as head of private clients India in private bank and overseas services, as per a Barclays announcement....

Edit

Standard Chartered suffers senior private banker exits in Asia as unit earnings sag

Moneycontrol 13 Mar 2019

Edit

Africa: Retail At the Center of Sustainable Wealth in Africa and Rwanda

All Africa 13 Mar 2019

Africa's banking, investments and asset management industry is currently dominated by private institutional players and government pension and insurance bodies. These players dominate capital flows in the financial markets .......

Edit

SA vows to help debt-ridden Zimbabwe revive economy

Independent online (SA) 12 Mar 2019

Under the facility, Zimbabwe can access 100 million rand from South Africa's central bank. "Other financing options beyond this are also being explored, for example, a facility from South African private banks to the Zimbabwean private sector and guaranteed by the South African ......

Edit

S.Africa considers financial options to help Zimbabwe revive economy

This is Money 12 Mar 2019

Under the facility, Zimbabwe can access 100 million rand ($7 million) from South Africa's central bank. "Other financing options beyond this are also being explored, for example a facility from South African private banks to the Zimbabwean private sector and guaranteed by the ......

Edit

Why South Africa’s ANC Is Taking On the Central Bank: QuickTake

The Washington Post 12 Mar 2019

Since its founding almost a century ago, South Africa’s central bank has been owned by private shareholders. Now President Cyril Ramaphosa is pushing ahead on a plan to nationalize the Reserve Bank in order to address its anomalous ownership structure and assert the nation’s sovereignty ... ....

Edit

Private debt a key component of Africa’s growth matrix

Business Day 07 Mar 2019

Combined efforts of African governments, development agencies and the private sector have sought to deepen capital markets via the establishment of stock exchanges to facilitate access to alternative sources of capital to bank lending ... well as open up to private debt investment....