Who Owns the Major US Subsidiaries of Foreign Banks? A Note

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Who Owns the Major US Subsidiaries of Foreign Banks? A Note

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Adrian E. Tschoegl

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Adrian Tschoegl

Abstract

In 2000 ten foreign banks owned the 12 largest US subsidiaries of foreign banks, which account for over 92% of the assets of all subsidiaries. The parent banks were large and tended to be from English-speaking countries. The novel result is that the parent was often the largest bank in its home country, which suggests that domestic limits to growth are a factor in the foreign direct investment decision.

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Paper provided by Wharton School Center for Financial Institutions, University of Pennsylvania in its series Center for Financial Institutions Working Papers with number 03-11.

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Date of creation: Apr 2003
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Handle: RePEc:wop:pennin:03-11

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Article
- Tschoegl, Adrian E., 2004. "Who owns the major US subsidiaries of foreign banks?: A note," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 14(3), pages 255-266, July. [Downloadable!] (restricted)

Find related papers by JEL classification:
G2 - Financial Economics - - Financial Institutions and Services
F2 - International Economics - - International Factor Movements and International Business

This paper has been announced in the following NEP Reports:

NEP-ALL-2003-04-27 (All new papers)
NEP-CFN-2003-04-27 (Corporate Finance)
NEP-COM-2003-04-27 (Industrial Competition)
NEP-FIN-2003-04-27 (Finance)
NEP-HIS-2003-04-27 (Business, Economic & Financial History)
NEP-IFN-2003-04-27 (International Finance)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Fung, Justin G. & Bain, Elisa A. & Onto, John G. & Harper, Ian R., 2002. "A decade of internationalization: the experience of an Australian retail bank," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 399-417. [Downloadable!] (restricted)
Ball, Clifford A. & Tschoegl, Adrian E., 1982. "The Decision to Establish a Foreign Bank Branch or Subsidiary: An Application of Binary Classification Procedures," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 17(03), pages 411-424, September. [Downloadable!]
repec:pal:jintbs:v:33:y:2002:i:4:p:805-815 is not listed on IDEAS
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Mauro F. Guillén & Adrian E. Tschoegl, 1999. "At Last the Internationalization of Retail Banking? The Case of the Spanish Banks in Latin America," Center for Financial Institutions Working Papers 99-41, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
Heinkel, Robert L. & Levi, Maurice D., 1992. "The structure of international banking," Journal of International Money and Finance, Elsevier, vol. 11(3), pages 251-272, June. [Downloadable!] (restricted)
Allen N. Berger & Robert DeYoung & Hesna Genay & Gregory F. Udell, 2000. "Globalization of financial institutions: evidence from cross-border banking performance," Finance and Economics Discussion Series 2000-04, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
Other versions:
- Allen N. Berger & Robert DeYoung & Hesna Genay & Gregory F. Udell, 1999. "Globalization of financial institutions: evidence from cross-border banking performance," Working Paper Series WP-99-25, Federal Reserve Bank of Chicago. [Downloadable!]
Berlin, Mitchell & Mester, Loretta J, 1999. "Deposits and Relationship Lending," Review of Financial Studies, Oxford University Press for Society for Financial Studies, vol. 12(3), pages 579-607.
Other versions:
- Mitchell Berlin & Loretta J. Mester, 1998. "Deposits and relationship lending," Working Papers 98-22, Federal Reserve Bank of Philadelphia. [Downloadable!]
- Mitchell Berlin & Loretta J. Mester, 1997. "Deposits and relationship lending," Working Papers 96-18/R, Federal Reserve Bank of Philadelphia. [Downloadable!]
repec:pal:jintbs:v:18:y:1987:i:2:p:67-88 is not listed on IDEAS
Grosse, Robert & Goldberg, Lawrence G., 1991. "Foreign bank activity in the United States: An analysis by country of origin," Journal of Banking & Finance, Elsevier, vol. 15(6), pages 1093-1112, December. [Downloadable!] (restricted)
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Focarelli, Dario & Pozzolo, Alberto Franco, 2003. "Where Do Banks Expand Abroad? An Empirical Analysis," Economics & Statistics Discussion Papers esdp03009, University of Molise, Dept. SEGeS. [Downloadable!]
Other versions:
- Dario Focarelli & Alberto Franco Pozzolo, 2005. "Where Do Banks Expand Abroad? An Empirical Analysis," Journal of Business, University of Chicago Press, vol. 78(6), pages 2435-2464, November. [Downloadable!]

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Jan-Egbert Sturm & Barry Williams, 2005. "What Determines Differences in Foreign Bank Efficiency? Australian Evidence," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
Pozzolo, Alberto Franco, 2008. "Bank Cross-Border Merger and Acquisitions (Causes, consequences and recent trends)," Economics & Statistics Discussion Papers esdp08048, University of Molise, Dept. SEGeS. [Downloadable!]
Other versions:
- Alberto Franco Pozzolo, 2008. "Bank cross-border mergers and acquisitions (Causes, consequences and recent trends)," Mo.Fi.R. Working Papers 9, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economics. [Downloadable!]
Tschoegl, Adrian, 2006. "Foreign ownership in Mexican Banking: A Self- Correcting Phenomenon," MPRA Paper 586, University Library of Munich, Germany. [Downloadable!]
Adrian E. Tschoegl, 2004. "Financial Crises and the Presence of Foreign Banks," International Finance 0405016, EconWPA. [Downloadable!]

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