I am one of a few business development bankers in the world. I am the first person to work directly with the banks in Canada. I was hired by the National Bank of Canada to help them gain access to the private banking market. I was able to work with the bank and help them build a network that helped them become the bank that they are today.
I have found that the best way to get into the Canadian banking system is to learn the ins and outs of the private banking market.
A lot of people get into private banking by going through a bank or two and then asking if they can do private banking. Private banking is not as exciting as the public banking and credit card types of banking, but it does offer many benefits.
Private banking is a market comprised of many different financial products. It is very much a business that is built on trust, relationships, and a lot of personal relationships. When you are a small business entrepreneur, this can be a very difficult area of life to navigate. You may be asked to invest in a business that you don’t really know really much about. It’s not like you can just walk into a bank and ask for a loan.
A lot of people just automatically think of banks as “being in a bank.” They expect you to get a loan. Bankers are no different from other companies. You are a bank. Even though banks can be very different, in the end most of them are banking businesses. A lot of people just assume you are going to get a loan and that you are responsible for that loan and that you will pay back the loan.
In the past, when banks were just businesses, they were pretty much viewed as being a business in and of itself. This was because banks were more accountable to the government than they were to the people in their own community. This was because banks were the sole provider of credit in most communities. In the past, banks were very often run by people who had very little experience in running a business in the first place.
Today, we are seeing banks that are businesses in and of themselves. They are accountable to the public, they are run by people who have some experience with running a business, and they are accountable to the government. The banks are more accountable to the government because they have the ability to provide loans to businesses that are smaller and more local than a bank could.
I’m glad to see a new bank with a more local community focus. The one that has been most successful is Capital One, because it is locally focused. I’m hoping we see more of this.
I agree. A bank of Canada that serves a small community would make a lot of sense. But the bank that is currently in the works is a national bank. It is also accountable to the government, which is a good thing.
That sounds like a good idea to me. I mean, if Capital One is doing this already then why not have a bank that focuses on small businesses that don’t have a lot of branch locations? That seems like a much better idea for a more local bank.