Heard on the Street: Private banks lower acceptance threshold, fear lean times

21 July 2011 | 2 minutes read

In a stark reflection of the pressure private banks are facing in the region, three large banks are believed to have dramatically lowered their minimum acceptance threshold for private banking clients. Thus far, these banks had prided themselves on maintaining the same acceptance threshold in Asia as they did in more developed wealth management markets like Europe, typically anywhere between…

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