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merchant bank

World Encyclopedia | 2005 | © World Encyclopedia 2005, originally published by Oxford University Press 2005. (Hide copyright information) Copyright

merchant bank One of a number of UK specialist banks that offer financial services, primarily to corporate customers. They rose to prominence in the 18th and 19th centuries, involved in overseas trade. Today, they provide a range of services including: operating as issuing houses; sponsoring capital issues; offering corporate advisory work, such as advising on mergers and acquisitions; asset management; and foreign exchange.

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