Private banks are banks owned by either an individual or a general partner(s) with limited partner(s). Private banks are not incorporated. 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). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672.
There were many private banks in Europe. However most have now become incorporated companies, so the term is rarely true anymore. Today, the term "private bank" can also refer to the financial institution specializing in financial advice and services for high net worth individuals (private banking).
"Private banks" 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.
Other articles related to "bank, private bank":
... Range Bank Note 01 National Westminster Bank formerly District Bank (1962) 05 Clydesdale Bank trading as Yorkshire Bank 07-00 to 07-49 Nationwide ... accounts 09-01-51 to 09-01-56 10-00 to 10-79 Bank of England previously used for Government accounts 11 Bank of Scotland for Halifax (1990 - date ... (1970) 15-80 to 15-80 for Child Co private bank, part of the Royal Bank of Scotland Group (1923) 15-98 to 15-99 for C ...
... ABN AMRO Bank N.V ... Netherlands Baden-Württembergische Bank Aktiengesellschaft Germany Banca di Roma, Societa' Per Azioni Italy Banca Intesa S.P.A ... Spain Barclays Bank Plc United Kingdom Bayerische Landesbank Germany BNP Paribas France BNP Paribas Private Bank France Calyon France Commerzbank Germany Coutts Bank Von Ernst AG, also ...
... Adam and Company (part of The Royal Bank of Scotland Group) Airdrie Savings Bank Arbuthnot Latham Co Bank Negara Indonesia Butterfield Private Bank Cater Allen Private Bank (part ...
... Arbuthnot Latham Co ... London, founded in 1833 Cater Allen, London, founded in 1816 a member of Santander Coutts Co ...
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