A joint stock bank is one operated by a joint stock or limited company. It is therefore a bank with limited liability. This is in contrast to a private bank which may be owned by a family or individual. All the commercial banks in the UK are joint stock banks.
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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 o...
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