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International Banking in the 19th and 20th Centuries (St Martin's, 1983) online; Lane, Nicholas. "The Fathers of English Banking" History Today (Mar 1953) 3#3 pp 190-199; Michie, Ranald C. British Banking: Continuity and Change from 1694 to the Present (Oxford UP, 2016) 334 pp. online review
A 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. Historically, merchant banks' purpose was to facilitate or ...
Barings Bank was a British merchant bank based in London, and one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring , a British-born member of the German–British Baring family of merchants and bankers.
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria , India and Sumer .
Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks. It had its origins in a merchant banking business commenced by George Peabody. Junius Spencer Morgan became a partner in 1854. After Peabody retired the business was styled J. S. Morgan & Co.
The coat of arms of Nathaniel Rothschild, current head of this branch. The Rothschild banking family of England is the British branch of the Rothschild family.It was founded in 1798 by Nathan Mayer Rothschild (1777–1836), who first settled in Manchester before moving to London, Kingdom of Great Britain (in present-day United Kingdom).
Arbuthnot Latham & Co. Limited is a British private and merchant bank headquartered in London, England. It is the principal subsidiary of Arbuthnot Banking Group plc, which trades on the Alternative Investment Market under the stock symbol ARBB. [3] Founded in 1833, it has the status of one of the 12 accepting houses. [4]
The bank decided to enter the UK securities market buying Wood MacKenzie, a stockbroker, in June 1984. [6] Before the merger with TSB Group Plc., Hill Samuel's 1987 Pre-tax profits were primarily of consisted of merchant banking (50%); as well as investment management services (27%); employee benefit services (13%); and insurance (6%). [7]