Financial Modernization Legislation in the 106th Congress : Merchant Banking

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Highlights financial modernization bills H.R. 10 and S. 900, to allow commingling of banking services and to allow banks to more fully engage in merchant banking, which entails taking an ownership ...

Highlights financial modernization bills H.R. 10 and S. 900, to allow commingling of banking services and to allow banks to more fully engage in merchant banking, which entails taking an ownership stake in a firm in hopes of an eventual profitable return. Provides an overview of various kinds of merchant banking activities, including venture capital and buyout funds.

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