Private Banking in Europe
Rise, Retreat, and Resurgence
Authors
Youssef Cassis
Philip L. Cottrell
Analysing the experiences of European private bankers from the early modern period to the early twenty-first century, this book starts by examining the slow emergence of specialist private bankers and culminates in a focus upon the roles that they played, both during the onset of the continent’s industrialization, and in orchestrating the finances of the emerging world economy, followed however by its waning importance with the rise of joint-stock competitors a decade later. The work concludes with the analysis of the revival of private banking in the late twentieth century as a response to the development of a new market – the management of personal wealth.