1.   Former business analyst at a merchant bank.

2.   Merchant banks, sugar companies, arms dealers.

3.   Others are employed in merchant banks advising pension funds.

4.   So there he was, in a merchant bank, desperately trying to restore the family fortunes.

5.   Some accountants have attacked the merchant banks for their inflated self-image and snobbery.

6.   Thanks to the new rules, commercial banks will soon be able to compete with the merchant banks on the same terms.

7.   The Founders had to agree everything to do with the paper, including the appointment of the sponsoring merchant bank.

8.   The merchant banks raise capital for industry.

9.   The main function of the merchant banks is to raise capital for industry.