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The name Banquo is a Shakespearean baby name. In Shakespearean the meaning of the name Banquo is: The Tragedy of Macbeth' Thane of Lochaber, a general in the King Duncan's army. After his murder, his ghost appears to Macbeth.
In Holinshed's 'Chronicles' however, Banquo is shown as exactly the opposite: he is an accomplice in MacBeth's murder of Duncan. The new king, James I and VI of Scotland, claimed ancestry from Banquo through the Stewart line of kings. To have shown Banquo as a murderer of kings would not have pleased James!