The definition of merchant banking has changed many times over the centuries.

商业银行业务的定义在这个世纪中已改变数次。

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They call it merchant banking, taking their cue from the grandfather of the industry, J. Pierpont Morgan, who created the world's first billion-dollar company in US Steel.

这就是他们跟工业鼻祖约翰。皮尔庞特·摩根那学来的商业银行业务，他建立了世界第一家价值十亿美元的美国钢铁公司。

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Using WS-Security, the client could sign the payment instructions to be sent to the banking system, preventing any modification to the intended payment amount by the merchant-system intermediary.

使用WS - Security，客户对发送给银行系统的付款指令进行签名，从而防止中间的商业系统随意修改指定的付款额。

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Overall, we find that reliable merchant banking is a scarce and critical resource that, when targeted carefully, is highly fragile to disruption.

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The boutique merchant banking firm specializes in cross-border transactions with a focus on assisting clean tech and energy-related companies expand into China and raise capital.

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Revenue and earnings for consumer and merchant banking in the EMEA region were flat to down in the first half of this year, while Asia grew.

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