merchant bank

merchant bank definition - finance
A term commonly used in the U.K.; the equivalent to an investment bank in the U.S. Merchant banks advise companies on mergers and on raising capital, managing portfolios, dealing in bullion, and other financial services. Typically merchant banks donÂ’t make loans.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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