Famous Bankers - List of Famous Bankers - page 2

Business people in the banking sector include the individuals who either solely or jointly with partners form a private bank. Banks are the financial institutions that accept deposits from customers, pay interest and provide other financial services like loans and mortgages to them. Banks play a vital role in the financial system and economy of a country, and are therefore highly regulated by the governments. Even the owners of the private banks need to adhere to the governmental policies regulating banks. Business people wanting to start banks have to possess business acumen along with a strong base in finance and have to have a deep knowledge and understanding of the various laws and regulations governing the banking sector. Private Banks play a major role in the expansion of business activities by proving essential financial services to the general public. The owners of private banks are also more receptive towards adopting newer tools and technologies to enhance the banking experience of their clients, especially in the developing countries. Starting a private bank is a challenging task, more challenging than starting any other kind of a venture; it is something only highly ambitious individuals with a profound knowledge of legal and financial matters will venture into. What follows is a collection of the biographies, timelines, trivia and other information about the professional and personal lives of some of the world’s most famous bankers.