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Why wouldn't private bankers be as predatory of high net worth individuals as other financial professions are of normal folk? How does having a couple of mil pr
by BadassFractal 9y ago
Why wouldn't private bankers be as predatory of high net worth individuals as other financial professions are of normal folk? How does having a couple of mil protect you from being taken advantage of by charlatans? Don't the rich fall for dumb schemes the same was everybody else?
- wayn3 9y agoPrivate banking, in said jurisdiction, is a line of work with centuries of tradition. And they just don't have any fucking reason to fuck over their clients. Protection? If you are a billionaire and your banker fucks you over, I think they're more scared of you than you are of them. I did not tell you to private bank with bank of america new york city. If you do that, kiss your money goodbye. They'll take all of it, funnel it into the next garbage scheme and yell "stakeholders".
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