Likewise, Credit Suisse First Boston has talked about an exit from its merchant bank.
The interim chief executive, Smith, is also the head of Tippet Capital, a merchant bank in Raleigh, N.
The influence of Mediobanca, a Milanese merchant bank at the heart of many Italian corporate alliances, has declined.
London Underground, meanwhile, has hired Lazards, a merchant bank, to advise it on how to fight its corner.
Grail Partners, a merchant bank that advised Munder, will take a small stake.
Analysts suggest the likeliest outcome is a merger between Southern Life and Momentum Life, a subsidiary of Rand Merchant Bank.
In practice, sources say, Mr Robertson and his cronies continued running the British merchant bank just as they had always done.
In another life, a merchant bank will throw serious money at you, start you off on utilities and call you "a trader".
BitPay shields WordPress from having to handle actual payments by immediately converting and transferring sales proceeds into a WordPress merchant bank account.
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Apple has partnered with China Merchant Bank to offer customers the option of paying over 3, 6, 12, 18 or 24 months.
Rudolph Gouws, chief economist at Rand Merchant Bank in Johannesburg, thinks not.
ECONOMIST: The South African state has a welcome fiscal problem
In years past, MBf had wanted to acquire a merchant bank and other financial companies but could not get the needed permission either.
Paribas, the country's leading merchant bank, said it would boost its return on equity by buying out minority shareholders in two big subsidiaries.
It said one of the advisers involved was Chicago merchant bank BDT Capital Partners, which is run by former Goldman Sachs executive Byron Trott.
Earlier in his career, Salem was a vice president at Security Pacific Merchant Bank, where he led projects for the development of real-time trading systems.
Simon Robertson quit as chairman of Kleinwort Benson after 34 years with the merchant bank, as Germany's Dresdner Bank took more control of its unit.
He stayed on in the army after the war until 1967 when he worked part time for Robert Fleming, a merchant bank with family connections.
Many will see this as proof, if any were needed after the fall of Barings, a British merchant bank, that derivatives are things in which banks should not dabble.
At the time of the acquisition, Mr Sarrazin and his side-kicks were desperate to reassure Kleinwort that heavy Teutonic boots would not be trampling all over their precious merchant bank.
For example, the links between a company desirous of going public and its lead merchant bank, underwriters, stock exchange and credit rating agencies--as well as the fees they earn--are well established and easily understood.
Facebook founding president Sean Parker and former Google CEO Eric Schmidt have invested in a private equity fund at boutique merchant bank The Raine Group, according to a Financial Times report today.
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" As American Eugene Davis, managing director of local merchant bank Finansa, says: "Right now the Democrats are trying to stand for ethical behavior in government, but they don't have a comprehensive plan or an overriding governing philosophy.
When the family decided to get into biotech five years ago, they started by founding a San Francisco-based merchant bank, Bay City Capital, which invests their money in life sciences companies and guides those companies as they grow.
That was followed by the revelation he had authorised the leaking of the solicitor general's letter to Mr Heseltine, in which the former defence secretary was warned of a material inaccuracy in a letter he had sent to a merchant bank about Westland.
One classic cultural success is the example of Bankers Trust, where Alfred Brittain and Charlie Sanford formed a team that changed the corporate culture from that of a traditional commercial bank, highly valuing a measured pace of decision making, to that of a more transaction-oriented global merchant bank, emphasizing fast reactions, state-of-the-art communications, and sophisticated controls.
In the case of Visa and MasterCard (nyse: MA - news - people ), when a credit card is swiped, the transaction gets relayed--via an intermediary--to the credit card company, which then sluices the funds to the merchant's bank account.
The 16-digit account number stored in your card's magnetic stripe zooms across a leased phone line to the merchant's bank, zips under the Pacific to Visa's data center outside Tokyo and rides the Visa network to the data center of your issuing bank in Delaware.
Financial institutions: BBVA Bank, BMO, BNLPOSitivity, BNL Italy, BNP Paribas Fortis Belgium, Banco Sabadell, Banco Santander, Banca Sella, Citi, Commonwealth Bank, Deutsche Bank Italy, EMS, EnterCard, EURO 6000, European Merchant Services, Fifth Third Bank, Handelsbanken, International Card Services Netherlands, Intesa Sanpaolo, Lake Trust Credit Union, ME Bank, NAB, SEB Kort, SIA, Swedbank, TMG Financial Services, UniCredit and Westpac.
Take setting up a merchant account with a bank so that you can accept and process online payments.
If someone makes a fraudulent charge to your credit card, you can dispute the transaction and in most cases the bank or the merchant, not the customer, will cover the cost.
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