Private-Banking Explained: Meaning, Types, Process, and Risks
Private banking is the high-touch side of banking that serves wealthy individuals and families with customized banking, investment, lending, and wealth-planning services. It sits at the intersection of banking, investing, risk management, and family wealth strategy. This tutorial explains what private banking really means, how it works in practice, how it is measured, and how it differs from retail banking, wealth management, and family offices.