Merchant banker facts for kids
Merchant banking is a combination of banking and consultancy services. It provides consultancy to its clients for financial, marketing, managerial and legal matters. Consultancy means to provide advice, guidance and service. It helps a business person to start a business. It helps to raise (collect) money. It helps to expand and modernise the business. It helps in restructuring of a business. It helps sick business units. It also helps companies to register, buy and sell stocks at the stock exchange.
In the 19th century, the rise of trade and industry in the US led to powerful new private merchant banks, culminating in J.P. Morgan & Co. During the 20th century, however, the financial world began to outgrow the resources of family-owned and other forms of private-equity banking. Corporations came to dominate the banking business. For the same reasons, merchant banking activities became just one area of interest for modern banks.
Here is a list of merchant banks of the past and present:
- Barings Bank
- Berenberg Bank
- Bethmann Bank
- BDT Capital Partners
- N. M. Rothschild & Sons
- George Peabody & Co.
- Kleinwort Benson
- Kempen & Co
- Guinness Mahon
- Schroders
- J.P. Morgan
- Lazard & Cie
- SG Warburg
- Hope & Co.
- Defoe Fournier & Cie.
- Close Brothers
- Morgan Grenfell & Co.
- Greenhill & Co.
- Guggenheim Partners
- Robert Fleming & Co.
- Kuhn, Loeb & Co.
- Hambros Bank
- Hill Samuel
- Brown, Shipley & Co.
- Brown Brothers Harriman & Co.
- Samuel Montagu & Co.
- H. J. Merck & Co.
