Merchant Bank

Merchant Bank Although historically merchant banks, as distinguished from commercial banks which deal with the general public, have been concerned with import and export trade, they have recently expanded their activities by raising finance, at home and abroad, for industry including high – risk hire – purchase financing. These banks also float new debentures and shares on behalf of companies, or underwrite them. They are increasingly involved in takeover bids and mergers, often tendering specialized advice to the bidders.

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