Answer Posted / kalyani
Form of banking where the bank arranges credit financing,
but does not hold the loans in its investment portfolio to
maturity. A merchant bank invests its own capital in
leveraged buyouts, corporate acquisitions, and other
structured finance transactions. Merchant banking is a fee
based business, where the bank assumes market risk but no
long-term credit risk. A common form of banking in Europe,
merchant banking is gaining acceptance in the United
States, as more banks originate commercial loans and then
sell them to investors rather than hold the loans as
portfolio investments. A banque d'affaire is a French
merchant bank, which has more powers than its British
counterpart. The Gramm-Leach-Bliley Act allows financial
holding companies, a type of Bank Holding Company created
by the act, to engage in merchant banking activities.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
What is back value adjustment/correction in Nostro Reconciliations?
how will i develop my fears in interviewd?
What is DECR And for wt it is used?
How do you plan to achieve these goals
What is Financial planning?
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
what is Tds %,Service tax %,Cess %,and ESI,PF %,and what is the use of this.
Can I freeze my account?
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
what is composition vat
What is the difference between Risk, Threat & Hazard?
What is the Accounts Payable & Accounts Receivable ?
what are the differences between Tally and Focus?
bank exam paper
