CBSE BOARD XII, asked by arunkori331, 10 months ago

private bank meaning​

Answers

Answered by mohitesh742486
1

Answer:

Private banks are the banks owned by either the 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.

Answered by tiya871
1

Answer:

It refers to a suite of service offered by bank to a high net worth individuals designed to grow wealth.

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