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Pretax profit in the private and business clients division, which includes consumer banking in Germany, rose 27 percent in the third quarter, to 310 million euros.
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In the first half of this year, the bank's private and business-clients division has increased profits by 62% year-on-year and we believe that it can do more.
The private-client division deals with individual investors and small and medium-size business.
Traditionally, the bank's assets had been managed conservatively and the profits had gone to the private-client division.
His father is an executive director, in New York, for the private client division of CIBC Oppenheimer, an investment bank.
Through its private client division in Boston, Anglo Irish was one of the most wildly eager property lenders in the United States.
The $4.03 billion in revenue from the company's so-called client division -- PC operating systems, mainly --was about $300 milessn less than most analysts had expected.
Many of them have been in the private client division, an area that Mr. O'Neal has said that he hopes will grow.
Her father works in Plainsboro, N.J., for Merrill Lynch & Company, the securities brokerage firm, as the chief financial officer for the United States private client division.
Merrill executives say that 50percentt of the bank's profits go to the institutional-securities business; the other half goes to the private-client division.
He was Robert Trout, lawyer for the Merrill investment banker Schuyler Tilney -- not G. Kelly Martin, president of Merrill's international private client division.
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