Recent Examples of merchant bank from the Web
Former hedge fund manager Mike Novogratz shelved plans to launch a crypto fund in December, shifting his efforts to a merchant bank focused on cryptocurrencies and ventures based on related technologies.
Alfen Beheer BV, which makes charging stations for electrical vehicles, on Thursday became the third company this week to announce its intention to list in Amsterdam, joining merchant bank NIBC Holding NV and wholesaler B&S Group Sarl.
The global merchant bank joins A+E Networks as a backer of the indie studio.
Billionaire Mike Novogratz, who shelved his plans to open a $500 million cryptocurrency hedge fund and instead wants to build a crypto merchant bank, warned that Bitcoin would fall to as low as $8,000.
Hunt and Sean Conlon, the chairman of merchant bank Conlon & Co. who advises Hunt on his real estate, declined to comment on the Nobu deal.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'merchant bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of MERCHANT BANK
What It Is
How It Works
Like investment banks, merchant banks are not depository/retail lender institutions. Rather, merchant banks are intermediaries that provide brokerage, fund-raising, and financial advisory services on a large scale to businesses and a smaller scale to wealthy individuals. For this reason, they often assist in international transactions involving entities such as multinational corporations.
To illustrate the role of a merchant bank, suppose a multinational corporation XYZ is considering the purchase of a smaller company in another country. Company XYZ will likely solicit the services of a merchant bank for advice on how to best approach the acquisition process. In addition, the merchant bank may also assist in the financing of the acquisition, providing underwriting or loan services.
MERCHANT BANK Defined for English Language Learners
Definition of merchant bank for English Language Learners
: a bank for large companies that trade goods in other countries
Learn More about merchant bank
Britannica.com: Encyclopedia article about merchant bank
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