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The time now is 10/29/08 - 11:51

What is private banking?


RealCool.BIZ Forum Index -> Finance -> Banks and Banking

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laurence
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Joined: 06 Feb 2007
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PostPosted: 08/11/08 - 09:36    Post subject: Reply with quote

Hi. Can you help me get the answer to a question? I have just come across the term private banking somewhere, and I am curious as to what that means. I am really not able to guess, so if you could give me a short explanation then that would be great.
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kellsie
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Joined: 21 Dec 2004
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PostPosted: 09/10/08 - 03:31    Post subject: Reply with quote

The services of private banking are usually offered to people with an extremely high net worth. What is means? Basically better products offered, and better conditions, because the bank needs such customers and they are happy to have them. And of course, that means that they are happy to do things that will make them stay, as well.
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RealCool.BIZ Forum Index -> Finance -> Banks and Banking

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