What is merchant banking?
investopedia refers to Goldman and JP Morgan as merchant banks, but CS and Barclays as investment banks, but I see them all called investment banks here and merchant banking as a separate thing. What is merchant banking?
Merchant banking is the PE arm of GS. They invest in corporate equity, Infra, real estate debt & Equity, and special lending group. They use the balance sheet for capital. Did you get a super day?
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