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Research Results For 'Joint-Stock Bank'

JOINT-STOCK BANK

A joint-stock bank is a British bank that is a public limited company rather than a private bank (which is a partnership). During the 19th century many private banks failed; the joint-stock banks became stronger, however, largely as a result of amalgamations and careful investment. In the present century, they became known as the commercial banks or high-street banks.
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