Merchant banks - banking institution, Finance Basics

Merchant Banks - Banking Institution

Merchant Banks begun life as merchants and begun to control in financial firms, during the 19th Century. The merchant banks act like a principal when they buy share from the company before the issue is completed. Merchant banks accept bills of exchange that deal in the leasing of industrial equipment.

Posted Date: 2/1/2013 2:11:01 AM | Location : United States

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