41.   Chairman Jeffrey Lynford said it will act much like a merchant bank, investing in high-risk projects and companies.

42.   Castle Harlan is a New York-based merchant bank that manages several equity investment funds.

43.   Consider the acquisition of trendy biotech firms by plodding pharmaceutical companies, or of nimble merchant banks in London by lumbering bureaucracies such as Deutsche Bank.

44.   Currently, the contract is held by BDM International Inc., which is partially owned by the Carlyle Group, a Washington-based merchant bank.

45.   Defaults burned the merchant banks.

46.   Deutsche Bank AG said it will rename its London merchant bank unit Deutsche Morgan Grenfell Group Plc and will concentrate its global investment banking activities there.

47.   Executives at U.S. firms say they expect to have less difficulty winning investment banking business from British corporations now that there are so few British merchant banks left.

48.   Finance and Economy Minister Kang Kyung Shik told a press briefing the government will punish merchant banks which put pressure on companies to collect loans.

49.   Forced closure of foreign exchange business at troubled finance companies, known in Korea as merchant banks.

50.   Foreign banks are also cutting credit lines to Korean banks and merchant banks on concern they could default, accelerating the shortage of foreign currency.