Does private banking requires different license than commercial banking?

Question

I am trying to understand if opening a private bank in US or UK or Switherland would require the same requirements as for commercial bank or one could just get an investment company license or some other. Any info would be welcome. Thank you.

Answer 1

In the United States, you would have to conform not only with federal laws, but with the laws of the individual state in which you incorporate. As far as I know, the licensing requirements are the same for both private and commercial banks in the US, although there may be some subtleties.

Answer 2

the yank view of capitalism is amazingly tousled. no rely who owns a organization, the employees, the government or persons it has 3 issues that are absolute. a million call for of product produced 2. furnish of product produced 3. earnings if the government have been to possess all employer it could lose the tax sales from the employer. it could would desire to make this up. all employer has what's stated as value of doing employer. and those fees are there inspite of who owns it. russia tried for ninety years and failed. china is becoming very capitalist and inspiring our capitalist agencies to pass to them and becoming extra capitalist than we are. socialism is a failure. and every person that thinks the guy working a employer will artwork for the comparable wages the janitor does is insane. even nevertheless they're the two significant to the ordinary operations, it ain't gonna take place. does the top of china stay like a peasant? did russia's leaders stay like the employees? there'll continuously be prosperous and detrimental. there'll continuously be have and have nots. the version is that america of a develop into outfitted on a diverse scale. we continuously had the possibility to decide for the gold. and a great form of did and do. those that cry for what they think approximately equality are the lazy or grasping or those that think of they deserve a loose experience to the precise. it ain't gonna take place no rely who owns the employer.