Jumbo loans ? Private banking ? Anyone high-net-worth people here using these things ?

Never heard of either of them until today when I discovered by accident during some web searches a 'private bank' arm of an Australian bank owned by one of the Big 4 banks here.

HNW is definitely not me - 1 million in 'investible assets' is something I'll never have - so I was just curious to read about private banking and go into reading about something called 'jumbo loans' too.

No wonder the hunger for wealth concentration is so all-consuming!