2019 | OriginalPaper | Buchkapitel
The Private Banking Market in North America
verfasst von : Timothy Kochis, Vishal Wadhwa
Erschienen in: Private Banking und Wealth Management
Verlag: Springer Fachmedien Wiesbaden
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The private banking market in North America took its cue from long standing examples in Europe. For many years, banks and other confidential institutions in numerous European countries provided their elite clientele with banking, investment, and safekeeping services, with primary characteristics of confidentiality, discretion, and often, complete secrecy. The mentality of persons of wealth, often of many generations’ tenure, was that liquid wealth should not be conspicuous.