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Private banking

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catherine | 21:33 Tue 04th Sep 2001 | How it Works
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What is private banking?
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Private banking is the term used by the major banks (particularly investment banks) to describe the business they undertake with high net worth individuals. If you have assets of over a million and income of �100k plus then you could qualify for private banking, as you could afford their charges for 'advice'.

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