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Private bank

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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 specialized in private banking.

Switzerland

Family Owned Banks (private bank)

Incorporated banks

France

Germany

Liechtenstein

Netherlands

United Kingdom

United States

References

See also

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