Editing Merchant bank (section)

==Usage in the United States==

Today, according to the US [[Federal Deposit Insurance Corporation]] (FDIC), "the term merchant banking is generally understood to mean negotiated private equity investment by financial institutions in the unregistered securities of either privately or publicly held companies."<ref>{{Cite web |url=http://www.fdic.gov/bank/analytical/banking/2001sep/article2.html |title=Merchant Banking: Past and Present |access-date=2008-01-28 |archive-url=https://web.archive.org/web/20080214173115/http://www.fdic.gov/bank/analytical/banking/2001sep/article2.html |archive-date=2008-02-14 |url-status=dead }}</ref> Both [[commercial bank]]s and [[investment bank]]s may engage in merchant banking activities.

In 2016, the [[Federal Reserve]] proposed a ban on merchant banking as part of a “take no risk” regulation strategy.<ref>{{Cite web |last=Davidoff Solomon |first=Steven |title=Fed Proposes Ban on Merchant Banking, a Practice With Little Risk |url=https://www.nytimes.com/2016/09/14/business/dealbook/fed-proposes-ban-on-merchant-banking-a-practice-with-little-risk.html |website=The New York Times|date=13 September 2016 }}</ref>