A British term for a bank that specializes not in lending out its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues , and providing advice on acquisitions , mergers , foreign exchange , portfolio management , etc.
MERCHANT BANK
Meaning of MERCHANT BANK in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012