Merchant bank

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Science and technology

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What Wikipedia says

A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage, it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants.

Excerpt from the Wikipedia article “Merchant bank”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Iain Hector, CC BY 3.0, via Wikimedia Commons.