Private bank: Difference between revisions
Add founded years of Swiss private banks |
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* [[Julius Baer Group|Bank Julius Bär]], Zurich, founded in 1890 |
* [[Julius Baer Group|Bank Julius Bär]], Zurich, founded in 1890 |
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* [[Credit Suisse]], Zurich, foudned in 1856 |
* [[Credit Suisse]], Zurich, foudned in 1856 |
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* [[EFG International|EFG Bank]], Zurich, foudned in 1995; a member of [[EFG Bank European Financial Group]] |
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* [[UBS]], Zurich & Basel, founded in 1854 |
* [[UBS]], Zurich & Basel, founded in 1854 |
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* [[Union Bancaire Privée]], Geneva, foudned in 1969 |
* [[Union Bancaire Privée]], Geneva, foudned in 1969 |
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=== France === |
=== France === |
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=== Germany === |
=== Germany === |
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* [[Bethmann bank|Delbruck Bethmann Maffei]], Frankfurt am Main, founded in 1748; a member of [[ABN AMRO]] |
* [[Bethmann bank|Delbruck Bethmann Maffei]], Frankfurt am Main, founded in 1748; a member of [[ABN AMRO]] |
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=== United Kingdom === |
=== United Kingdom === |
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Revision as of 21:18, 8 August 2011
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| Part of a series on financial services |
| Banking |
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Private banks are banks that are not incorporated. A private bank is owned by either an individual or a general partner(s) with limited partner(s). 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). However most have now become incorporated companies, so the term is rarely true anymore. There are a few private banks remaining in the U.S. The best known is the Federal Reserve bank of New York. Private banking also has a long tradition in the UK.
"Private banks" and "private banking" 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. Private banks as a form of organization should also not be confused with "Private Banks" that offer financial services to high net worth individuals and others.
List of private bank
This list contains private banks and incorporated banks which main bussiness is private banking.
Switzerland
Family Owned Banks (private bank)
- Baumann & Cie, founded in 1920
- Bordier & Cie, founded in 1844
- E. Gutzwiller & Cie., founded in 1886
- Gonet & Cie, founded in 1845
- Landolt & Cie, founded in 1780
- La Roche & Co., founded in 1787
- Lombard Odier Darier Hentsch & Cie, founded in 1796
- Mirabaud & Cie, founded in 1819
- Mourgue d'Algue & Cie, founded in 1869
- Pictet & Cie Official Site, founded in 1805
- Rahn & Bodmer Co., founded in 1750
- Reichmuth & Co., founded in 1995
- Wegelin & Co., founded in 1741
Incorporated banks
- Banque privée Edmond de Rothschild, Geneva, founded in 1923; a member of Edmond de Rothschild Group
- Bank Julius Bär, Zurich, founded in 1890
- Credit Suisse, Zurich, foudned in 1856
- UBS, Zurich & Basel, founded in 1854
- Union Bancaire Privée, Geneva, foudned in 1969
France
- Compagnie Financière Edmond de Rothschild, Paris, founded in 1953; a member of Edmond de Rothschild Group
Germany
- Delbruck Bethmann Maffei, Frankfurt am Main, founded in 1748; a member of ABN AMRO
Liechtenstein
- LGT Bank, Vaduz, founded in 1920; owned by Princely House of Liechtenstein
United Kingdom
- Coutts & Co., London, founded in 1692; a member of Royal Bank of Scotland
United States
- U.S. Trust, New York, founded in 1853; a member of Bank of America