Merchant bank

Merchant banks traditionally specialised in trade related finance (hence their former description as 'accepting houses'), underwriting of new issues and provision of corporate advice.

The term 'investment banks' - which originated in relation to similar banks in the US - is now more generally used for these banks.

These banks provide a wide range of services in the money, capital and securities markets.

See also

• Investment bank
• Non ring fenced bank
• Ring fenced bank
• Universal bank