MYLAB ECONOMICS WITH PEARSON ETEXT -- A
MYLAB ECONOMICS WITH PEARSON ETEXT -- A
5th Edition
ISBN: 2819260099840
Author: Mishkin
Publisher: PEARSON
Question
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Chapter 11, Problem 6LO
To determine

The reasons for U.S. banks to operate in foreign countries and for foreign banks to operate in the United States.

Concept Introduction:

International banking is about increasing the branches and the banking services in foreign countries. Global banking has increased greatly in the recent years and one can find many U.S. banks in foreign countries as well as foreign banks in the U.S. However, this was not the case always. Initially, the agricultural and other interest individuals were suspicious of large banking entities. But due to the reforming in the different policies and banking sectors and strict regulations, these banks have expanded and consolidated domestically and internationally.

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