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The Profitable Business of Private Banking

In: The Commercial Banking Handbook

Author

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  • Dimitris N. Chorafas

Abstract

The five chapters on strategic planning in Part One provided the evidence that, in the banking industry, a few large customers account for the largest percentage of income and of profits. The same is true in other industries, an example being the telephone companies, where the top 1 percent of clients of the Bell system accounts for 25 percent to 35 percent of toll revenues, while, for AT&T, the top 4 percent of business customers make 62 percent of all long distance calls.

Suggested Citation

  • Dimitris N. Chorafas, 1999. "The Profitable Business of Private Banking," Palgrave Macmillan Books, in: The Commercial Banking Handbook, chapter 9, pages 212-239, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37908-4_9
    DOI: 10.1057/9780230379084_9
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