Private Banking
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Business Glossary 
Definitions for: private banking
private banking
- banking services, including lending and investment management, for wealthy individuals. Private banking primarily is a credit service, and is less dependent on accepting deposits than retail banking. See also
personal banker ;relationship banking . - nonstock state chartered and state supervised bank that offers banking services to the public. Originally organized as a partnership,private banking was a common form of banking in the United States in the nineteenth century. Among the private banking firms still in existence is the prestigious Brown Brothers Harriman & Co. in New York.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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