Private Bank : A Private Banking Services And A Legal Form Of Partnership

The German banking system has a long and significant history. From the Fugger’s, the Welser’s, and Hochstetter who were, among other professions, mercantile bankers and venture capitalists. Berenberg Bank, which was founded by brothers Hans and Paul Berenberg in 1590

Secondly, out of the twenty-five stockholders of the Bank, five of these were government owned. Thus showing support of the Bank by subscribing to one-fifth of its $35 million (Schlesinger 74). In addition, among the Bank’s functions was to hold all government money, sell all government bonds, and make commercial loans. However, no voters could dictate its policies or reign in its power, due to its privately owned status (Roughshod 2). Finally, the government also allowed bank notes to be used as payment for taxes.

There are various categories of banking; these include retail banking, directly dealing with small businesses and persons. Commercial and Corporate banking which offers services to medium and large businesses (Koch & MacDonald 2010). Private banking, deals with individuals, offering them one on one service. The last category is investment banking. These help clients to raise capital and often invest in financial markets. Most global banking institutions provide all these services combined. With all these institutions in existence within the same localities and offering similar services, there is a need to regulate the industry so as to protect the consumer and provide fair working environment for all banks (Du & Girma, 2011).

Banks are institutions in which people put their money for safekeeping, to save, to use to pay their bills, or to earn interest on. Banks are allowed to use that money to make loans and earn interest for the bank's’ owners. Different types of banks offer different types of services. For example, commercial banks originally just served businesses, and savings banks and credit unions were used by individuals, especially those who couldn’t qualify for loans at regular banks. This is no longer the case. Although commercial banks and thrift institutions used to serve different purposes, today they all offer many of the same types of services including bank accounts, loans, credit, certificates of deposits (CDs), and much more.

The Financial Stability Board (FSB) to improve recommendations to support the oversight and instruction of the shadow banking system by mid-2011 in collaboration with other international standard setting bodies. The FSB formed a task force to develop initial recommendations for discussion that would set out potential approaches for monitoring the shadow banking system; and explore possible regulatory measures to address the systemic risk and regulatory arbitrage concerns posed by the shadow banking system.

The investment banks, and subsequent stock brokerage firms, was regulated by the Security and Exchange Commission. The banking entities, in this portion of the financial sector, were used to dealing in high risk business that were structured on the business’ equity and debt capital, instead of the commercial banks’ deposits of customers. The activities in this sector of the financial system were underwriting stocks and bonds, insurance markets, the investments in subprime debt markets and mortgages.

The objective of this report is to review FirstBank’s historical performance and the current economic conditions of the local trade area and national economies in order to develop an educated

Discussing the political factors influencing operation of the banks in the national, local and regional levels and legislation, it should be mentioned that banks have always been to a certain degree regulated by the government (Benston, 2000). For example, government determines the fraction of reserves that a commercial bank should keep with

The organization growth was associated with the dual function of the advisory services they offered to consumers and also the interest from loans. The emergence of Zopa who offered loans on low-interest rates and the emergence of Independent Financial Advisors (IFA's) who offered free advice lowered the dual functions of the Bank (Heywood, 2006). Therefore, maintaining their main functions as advisors of insurance and lending at strict terms could render RBS to be a less functional institution. There is a need for the Bank to modify its activities to resemble Zopas’ activities and maintain their

“The banking system of the Netherlands includes the central bank as a major financial institution in the country and numerous commercial, mortgage, savings and other banks” (banknetherlands.com, n.d.). The earliest form of a recorded banking system within the Netherlands commenced in 1814 with the launch of the Bank of the Netherlands, translation for De Nederlandsche Bank (DNB). This bank’s headquarters is located in the city of Amsterdam. The primary function of this bank is to establish both the fiscal and operational supervision of the other accredited registered financial institutions within the country (banknetherlands.com, n.d.). ABN AMRO a bank that was mentioned earlier in this paper is one of the Netherland’s more prodigious banks. With respect to total assets ABN AMRO, “ranks eighth in Europe and the thirteenth in the world. The Bank has 4500 branches in 53 countries and employs more than 105 thousand people. The bank’s total assets amounted to EUR 1,120,100,000” (banknetherlands.com, n.d.). Now, this essay will concern itself with the safety of this nation’s banking institutions.

2. Deutsche Bank has a lot of options that could all be beneficial to the future success of the bank.

This report is to analyze the recent performance of Union Bank of Switzerland (UBS), focusing on its private banking business, in order to explore its financial features and products and services that on offer by UBS and past strategy and future prospects of UBS. Besides, there is a covering of the current global market of private banking as well as studying the main features of the market environment and UBS competitors and the recent trends of private banking industry globally.

The purpose of this research paper is to examine the service marketing triangle and how it relates to the role of service employees in banks and financial institutions. Using academic journals and articles, this paper addresses the different aspects of the service triangle, including external marketing, internal marketing, and interactive marketing and the significance of adapting this strategy for bank service employees. By using this strategic framework, bank management will be able to monitor and understand the service employee’s role in the overall success of the bank.

Switzerland is considered as among the best expat nations in the world due to its very high standards of living and the fact that it has a multilingual and sophisticated population. This has seen many large multinational organizations and companies set up base in Switzerland in cities like Zurich. Due to this expansion strategies by large organizations willingly to expand all over the world, many regional banks find it necessary to open up offices in various countries such as Switzerland in order to offer financial services for such companies and businesses that have expanded globally. However, moving and setting up shop in Switzerland is not as easy as one may think as it can be quite difficult and stressful if the right procedure is not followed depending on various factors. According to Jordan (2012), recently, the earlier trend where banks would turn a profit despite the financial situation in Switzerland has disappeared. This assignment looks at issues that a regional bank may experience while moving and setting an office in Switzerland.

Germany’s microfinance sector consists of Community saving funds (Saving banks), and member-owned cooperative associations (cooperative banks) was one of the largest microfinance sector of the world in late 18th century. Community owned FIs were started during 18th century and were followed by the first community saving funds in 1801. All the financial institutions were brought under the banking law in 1934, which made them universally acceptable banks. In 1997 these two banks had a network of 39,000 branches, 64% of financial intermediation, and 51.4% of all banking assets. Since then these branches are reduced to 29,000 which is still 93% of all bank branches in Germany (Seibel, 2003; Seibel, 2005).