define marchant banking and explain its function?
Answers
Answered by
3
Explanation:
A merchant bank is a company that conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high net worth individuals. Unlike retail or commercial banks, merchant banks do not provide services to the general public.
Answered by
1
A merchant bank is historically a bank dealing in commercial loans and investment
Functions of merchant banking
raising finance for clients
broker in stock
project management
Similar questions