BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following are Private banking products? (More than 1 option)
A
Mutual Funds
B
Auto Loans
C
Retirement and Legacy planning
D
Demand Deposits
Explanation: 

Detailed explanation-1: -Products offered to private banking clients include equities, fixed-income securities, structured products, foreign exchange, commodities, deposits and real-estate investments.

Detailed explanation-2: -Real World Example of Private Banking Services include money management, strategies for business owners, real estate financing, and custom lending solutions. The private banking team also offers retirement, succession, and estate planning, which help reduce taxes.

Detailed explanation-3: -Private banking accounts are banking accounts that are reserved for high-net-worth individuals. They typically offer higher levels of service, lower fees, and enhanced features like personalized financial planning services, special credit and debit cards, and access to exclusive investment opportunities.

There is 1 question to complete.