Merchant banking
The term Merchant Banking (also Merchant Bank , in Deutsche Handelsbank ), an English term for the corporate division of credit institutions that deals with financial advice specifically for corporate customers. According to other definitions, merchant banking describes all activities related to private equity of a credit institution. Investment banks traditionally take on this function, but since they are of Anglo-American origin, this area is covered by specialist banks and universal banks in Germany . The Merchant Banking includes doing the full range of financial advice to corporate finance / corporate finance through mergers and acquisitions and investment advice to defensive strategies in hostile takeovers.
However, a clear and unambiguous definition for this term does not seem to have become established, since even experts are puzzling over it.
In Germany, this type of financial institution has its roots in the middle of the 18th century, when merchants in Hamburg founded the Merchant Banks, which were unique in the country at the time, as private banks to finance trade, especially foreign trade. Among them, for example, the private bankers M.J. Haller , MMWarburg & CO and Heckscher & Co.
Individual evidence
- ↑ Archived copy ( memento of the original from March 16, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ http://www.finma.ch/archiv/ebk/d/regulier/stellungnahm/Basel_ll/sn_VHV.pdf
- ↑ Local customers: Banken NDR article in the Hamburg Journal from October 1, 2016
Web links
- Private Banking: Something with a lot of money , DIE ZEIT from September 2, 2010, accessed on October 3, 2016
- Hamburg Economic Area - Home of Private Banks , Börsen-Zeitung from November 5, 2011, accessed on October 3, 2016