Private banking: players proliferate as demand increases
Article Abstract:
European private bankers expect growth to continue for the five years from 1994 to 1995, according to a survey by Price Waterhouse. Relationship banking has been replaced by banking based on products among the major clearing banks. This has led to some dissatisfied customers moving to private banks. Larger banks are developing services for wealthier clients. The newly wealthy and high income earners are replacing those who have inherited wealth among the customers of private banks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Offshore banking: attending to the needs of expatriates
Article Abstract:
Offshore banking has advantages for UK expatriates such as paying interest gross of tax. There are UK mainstream banks operating in Jersey and other offshore centers. Non-sterling cheque accounts are available from a number of banks. Foreign currency mortgages are also available from NatWest in German marks, US dollars, and Spanish pesetas, and from Abbey National for properties in some European countries such as Spain, Portugal and Italy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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