31.   Private banking is a business that thrives on the fears of the rich in developing countries.

32.   Rather, it is for now a collection of nips and tucks across units ranging from retail and private banking to small business and consumer lending.

33.   Private banking is not just a way for wealthy people to avoid bank lineups.

34.   Some analysts were also surprised that profits in retail and private banking, which were supposed to be less volatile than investment banking, appeared to have declined sharply.

35.   Spokesman Jim Eberle said law enforcement should look more closely at the larger banks with international operations or private banking practices for wealthy clients.

36.   That news comes three months after Ospel ousted the previous head of private banking and announced a broad restructuring.

37.   The bank is slowly weeding out operations that are producing insufficient returns, such as Asian securities and private banking while maintaining its vast geographic coverage.

38.   The bank plans to invest in businesses like private banking that it deems strategically important.

39.   The company will continue to serve its international brokerage and private banking clients through its offices in London and the Cayman Islands, Lecuona said.

40.   The company will use the cash raised to pay for overseas acquisitions, especially in asset management and private banking, he said.