Fraud Admitted at US Private Bank

Chicago-based PrivateBancorp, which brands itself as a �European-style� private bank, says that employee fraud has prompted an after-tax fourth-quarter charge of $800,000, equivalent to 4 cents a share.....

Click to view the full article


By: Lachlan Colquhoun
December 11, 2006
Chicago-based PrivateBancorp, which brands itself as a �European-style� private bank, says that employee fraud has prompted an after-tax fourth-quarter charge of $800,000, equivalent to 4 cents a share.....