Some entrepreneurs have stopped keeping their eggs in 1 basket

04/12/2010 | Wall Street Journal, The

An increasing number of entrepreneurs are opting to separate their personal and business banking, despite attempts by private banks and wealth managers to keep the accounts under one roof. While either choice can work, concerns about confidentiality, trust and the fallout from the banking crisis have prompted many entrepreneurs to establish multiple relationships. "The very wealthy are reluctant to give over all their financial affairs to one bank," said adviser Michael Maslinski.

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