Magnticent history
In China, the private banking sec-tor is relatively new, even though it has a100-year history in the U.S. and Europe.After originating in Geneva, Switzer-land, private banks he undergone leg-endary growth.
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In the 16th Century, Swiss million-aires sought protection for their assets,and the first generation of private banksto serve the super wealthy families tookshape in Geneva, an important tradecenter due to its geological location.
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