What are the primary features of private banking? And what are the main features of corporate banking?
Answers
Answer:
PRIVATE BANKING
It includes a wide range of wealth management services, and all provided under one roof. Services include investing and portfolio management, tax services, insurance, and trust and estate planning. While private banking is aimed at an exclusive clientele, consumer banks and brokerages of every size offer it.
CORPORATE BANKING
Professional financial reporting, disciplined management, and management succession plans are some other key features of corporate banking customers and accounts. These attributes are evident in blue-chip companies, such as multinationals and some local corporates in the conglomerates class.
PLS MARK BRAINLIEST
A private banking is a personalised banking system and a corporate banking is a subset of business.
Explanation:
- The private bank personalizes the services and the products that are offered by the high net worth individual. They include wealth managers, portfolio managers, service tax, insurance, and estate planning.
- Private banking is positioned at exclusive clients, and offer brokerage of every type. The clients of a private bank usually get discounts and a dedicated personal banker. Though their services may be limited compared to other providers.
- Corporate banking is a feature that only offered to the corporates such as credit, cash management facilities. The client in the bank usually serves small to middle sized organizations.
- They can be only be opened on getting the consensus from the board of directors. Corporate banks are some of the largest commercial banks in the world.
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- brainly.in/question/15638877 answered by joseph2005.