The merchant banks raise capital for industry. They don't actually put it up themselves.
商业银行为产业界募集资金。事实上他们自己并不出资。
《柯林斯高阶英汉双解学习词典》
英国最早的重要投资机构是以承付所或商业银行的形式出现的.
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But they will be smaller, specialist institutions, like the merchant banks of old.
但它们将变成规模较小的专业化机构, 如同昔日的商人银行.
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