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Even though the Fed's report emphasized its traditional concerns with the banks' safety and soundness, the full range of risks that such extensive merchant banking operations pose includes heightened conflicts of interest, unfair competition, misallocation of credit, more complex forms of market manipulation and fraud and excessive concentration of economic and political power.
"The team at Ciao has built a passionate consumer community based on intuitive technology and extensive merchant relationships that we believe will deliver incremental benefit to the Microsoft Live Search platform," Microsoft's vice president for Windows and online services, Tami Reller, said.
It was the wealth of the extensive merchant class that provided the material basis for the intellectual revival that was the prominent feature of Greek life in the half century and more leading to the outbreak of the Greek War of Independence in 1821.
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As we do so our gaze might alight on Sir Paul Pindar's house: the beautiful, timber-framed Jacobean frontage of a 17th-century Bishopsgate home which at one point contained this Stuart merchant's extensive cultural collection.
Not only had they an extensive knowledge of the merchant ships and trawlers that regularly came to the port, especially Continentals, but they also knew the personnel who manned them and any changes were quickly noticed.
St Nicholas has an extensive array of prayers, merchant's marks and other symbols, but is notable for the large number of depictions of ships, at least 30, heavily concentrated in the nave towards the eastern end of the south aisle.
During the 12th century it stayed prosperous despite periodic looting, and its commerce was extensive enough to attract merchants from Pisa, Genoa, and Venice.
"Safaricom already has an extensive network of people, merchants, and governments all connected through monetary transactions".
The Darwaza family had long been involved in textiles and had extensive trade relationships with merchants in Beirut and Damascus.
In addition to being a merchant, Foster maintained extensive business interests in land and flour and saw mills in north-central Georgia and Alabama.
Her first book project focuses on the extensive migratory circulations of Nigerian merchants amongst contemporary trade sites across Africa, the Middle East, and Asia.
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