Write a short note on ' Merchant corporations '
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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.
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Merchant banks conduct underwriting, loan services, financial advising, and fundraising services for large corporations and high net worth individuals. They do not provide services for the general public like checking accounts. Some of the world's largest banks include J.P. Morgan Chase, Goldman Sachs, and Citigroup
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