private banking

When they met in Washington last November they were still in a state of shock at the wreckage that was the private banking system.

It is a typical example of how larger international banks are trying to join up their investment banking and private banking operations.

Private banking sources said the new bonds could be guaranteed by the euro zone's rescue fund (EFSF) or the European Investment Bank.

After four years of record profits and breakneck growth in private banking, sentiment had already started to cool.

"It has been a one-way trade to tighter regulation, " comments Michael Lagopoulos, head of RBC Global Private Banking.

The case will have immense consequences for the bank and Swiss private banking.

During the boom years some Asian private-banking clients were sold a toxic product known as an accumulator.

In the past few years, Wall Street's biggest names staffed up in Asia to provide private-banking services to the newly rich.

Lehman Brothers may not have had a private banking arm, but its collapse in September disturbed private bankers and their clients alike.

'Private banking is an important part of BMO's Asia growth strategy, ' BMO's private banking chief, Gilles Ouellette, said in a statement.

Credit Suisse has plugged a gap at the top by hiring Marcel Kreis, a senior UBS executive, as head of its Asia Pacific private banking arm.

The surging global affluence that stems from vibrant economic growth has pushed vast amounts of money into the private banking pool.

Clients have since been running for the exits and UBS's private banking operations have been losing client funds at a dramatic rate.

Many independent wealth managers are challenging the private banking business model with a different approach.

So for that matter have banks, which have been racing to build their private banking business.

If the patient still requests private banking, it would be appropriate to comply, because there is minimal or no risk to the procedure.

Because of the confidential nature of private banking, relative performance is tough to compare.

Several Landesbanken have private-banking subsidiaries or affiliates that seek clients across the country.

Alternative products are expected to account for 40 per cent of private banking portfolios in two years' time, up from a third at end 2006.

Almost every one of the world's large financial institutions are beefing their private banking operations.

UBS has told members of its former private banking team responsible for rich US clients not to travel to America.

Taiwan is one of Asia's biggest potential markets for private banking in Asia after China and Japan.

Sir Fred Goodwin, RBS chief executive, suggested that China may eventually become one of its most important private banking markets.

Jersey used its role as a low-tax repository of cash to build up a sophisticated private-banking and trust business.

The outflows led to weaker private banking earnings, overshadowing a slow recovery in investment banking.

It is not hard to see why foreign banks are excited about wealth management and private banking services in China.

"The penetration of private banking is low, so the opportunity is still very big, " says Tang.

Why would a client choose you over a European bank with a long history in private banking?

And it has been adding to its private-banking and institutional assets under management.

The sudden explosion of private banking services in Asia is in response to the low interest rate environment.

In October, HSBC came close to acquiring the Asian private banking assets sold by ING, the Dutch group.

BNP Paribas may not be a household name in the rapidly growing Asian private banking market.

Investors were mainly banks with renminbi, with some Chinese institutions, corporate investors and private banking clients.

It also bulked up its asset-management and private-banking arms, run by Jacques d'Estais (who used to head the investment bank).

RBS also has high expectations for private banking, citing the history and quality of its Coutts brand.

Such expansionism may look rather brave, given recent attacks from American and German tax authorities on private-banking practices.

Retail and private banking investors are the main customers, Mr Bertsch says.

Why does the bill not separate investment banking from the private banking and wealth management activities that got Goldman into trouble?

Global players are aggressively expanding their private banking and priority banking operations.

Midway through the course, he was promoted to head Commerzbank's private banking operations in Singapore.

This in turn leads to the insight that the big growth in private banking might come from structured products.

Some analysts believe this reflects the "irrational exuberance" of Asia's relatively young private banking industry.

Supervisors judged that Swiss banks needed extra safeguards to calm the nerves of clients of their huge private-banking arms.

More promising may be a push into private banking, which needs less capital.

"Graduates can walk from the classroom to a senior position in private banking. "

These may be selling or floating their businesses and will be ideal customers for private banking services.

And the private-banking world will have the difficult PR job of convincing wealthy clients that their names and accounts are safe.

The fund management business comprises assets management, advisory business and other private banking activities.

Among the top segment of private banking clients , that proportion rises to 60 per cent, according to Mr Lam .

A number of new "boutiques" now exist to cater to the private banking market.

Lebanon, the private banking centre for the Middle East, tops the list for ultra-low loan-to-deposit ratios.

Standard Bank had been managing about $750m of private banking assets in Asia.

The scope of the private banking business is notoriously hard to quantify.

Fortis, which is making the biggest leap, will take control of the Dutch retail network and ABN's asset-management and private-banking arms.

Most Belgian private-banking customers are natives, rather than tax exiles from abroad.

Of the class of 2006, 6 per cent of students went into private equity or venture capital, 4 per cent into retail or private banking.

Now Credit Suisse has a hundred times as many working at its private banking operation in the south-east Asian city-state.

For civil commercial banks, private banking has good foreground and will bring new growth of profit.

It will have an initial capital base of about $418 million and focus on commercial and private banking, as well as corporate finance.

The strategy is designed to bring closer together the group's private banking, investment banking and asset management businesses.

The heavy infusion of public money into private banking was shocking at the time.

Chapter4. The proper organizational pattern of domestic commercial banks in opening the private banking.

Moreover, America is estimated to handle about 40% of the world's total private-banking and wealth-management business.

Recently, China's private banking business has been developing for several years and has made great progress.

BBH is a foreign-exchange dealer but only because this dovetails with private banking.

Within Asia's private banking scene, several new entrants in the region argue that small is better.

UBS made an unexpected loss in the third quarter, as net outflows from clients mounted in its private-banking business.

Chapter two is the introduction to private banking including its evolvement and products and services.

Qatar ranked 34th overall but came in seventh in the new category of "wealth management and private banking" .

Issuing banks have a vast suite of hedging strategies at their disposal, including structured products sold to private banking clients.

At the height of the credit boom, the hedge fund industry drove a big expansion for many large private banking institutions.

The comments came as UBS revealed continued massive outflows from private banking clients in the final three months of 2008.

Despite the woes of UBS, Swiss private banking remains in reasonable shape.

There is a great undersupply of talent in private banking, so banks are also thinking creatively and looking outside the sector.

The golden schmoozers of private banking will have to roll up their sleeves.

PRIVATE banking is meant to be boring.

Private banking was once deemed the sleepy side of financial services.

So we are left with the intractable problem of how to protect the public against the periodic insanities of private banking.

A generation ago, private banking was largely dominated by clients who had inherited wealth.

In the exclusive world of private banking, a gravitational shift of resources toward Asia is well under way.

S. and worldwide. If you are in the asset management, private banking or securities sales business, surely you will be shaken.

And what the Swiss banks face today, those eyeing private banking will contend with tomorrow.

Since foreign private banking outlets concentrate on the top of the market, this is more a worry for domestic players.

Private banking(PB)is based on wealth management, providing high net worth customers with peak finance services.

Yet the glitter of private banking is not all it appears.

It will also contain the fund activities handled by the private banking and other units.

HSBC has been expanding its private banking operation in recent years.

JPM is formidable in global investment banking and private banking. But there are yawning gaps.

Countries such as Korea, let alone China, have no tradition of private banking.

The traditional private-banking business of taking and managing money doesn't work here.

The real growth areas for private banking are in any case farther afield, in Asia and eastern Europe.

This won't spell the end of Swiss private banking.

Agbank, the country's third-biggest bank by assets, started its private banking unit in 2010.

came to our bank to engage in business discussions with our private banking division.

DBS Group Holdings Ltd. , Southeast Asia's biggest bank, said today it plans to increase its private banking headcount in China.

Many of the problems now stem from private banking.

However, the government has been taking the restraint policies in private banking.

OCBC has 50 private banking staff and $6. 7bn in assets under management, largely focused on clients in south-east Asia.

This is a very timely book, since the growth of wealth in China means that the importance of professional private banking is also growing.

The development of private banking is a sensitive and misty problem among local researcher recently.

According to research from Scorpio Partnership, a private banking consultancy, there are around 2, 500 family offices in Europe alone.

About half the students are employed in private banking, while the rest are switching careers.

But private banking remains very much a high service and, therefore, costly proposition.

Other banks, such as UBS, are giving more autonomy to their private banking sectors, he adds.

Last year, London-based Private Banking Index, in conjunction with FTSE Group, launched a series of private banking benchmarks.

In its effort to pursue Asian money with even more vigor, Sarasin is opening a private banking branch in Hong Kong next month.

Private banking: Banks are looking to grow their relationships-management teams, especially in Hong Kong and Singapore.

It is a rare opportunity that one gets to acquire an Asian private banking business.

This is the one truth I have learned from my private banking clients.

Old Citi was forced to close its private-banking operations in Japan in 2004, after serious breaches of anti-money-laundering rules.

Is this the future of private banking?

Singapore's strategy, for example, has been to focus on private banking and hedge funds.

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The Analysis of the Development of the Private Banking of Singapore and its Enlightenment

Ten Risk Indications for Private Banking

Bank of China abandons European private banking

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Tradition of Swiss private banking

The Application of Customer's Needs System Theory to the Development of Private Banking Business in Commercial Banks

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The Present Status, Challenge and Development Strategies of Private Banking Business in China

A brief discussion on developing private banking business in China

Some Thoughts on Developing Private Banking Business in China

From the Stance of Foreign Banks: Private Banking in China

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Analysis on Difficult Issues about the Development of Private Banking in China

Deutsche Bank AG Private Banking Center Hong Kong