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Who owns the major US subsidiaries of foreign banks?: A note

  • Tschoegl, Adrian E.

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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Article provided by Elsevier in its journal Journal of International Financial Markets, Institutions and Money.

Volume (Year): 14 (2004)
Issue (Month): 3 (July)
Pages: 255-266

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Handle: RePEc:eee:intfin:v:14:y:2004:i:3:p:255-266
Contact details of provider: Web page: http://www.elsevier.com/locate/intfin

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  1. 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.).
  2. Adrian E Tschoegl, 1987. "International Retail Banking as a Strategy: An Assessment," Journal of International Business Studies, Palgrave Macmillan, vol. 18(2), pages 67-88, June.
  3. Peek, Joe & Rosengren, Eric S. & Kasirye, Faith, 1999. "The poor performance of foreign bank subsidiaries: Were the problems acquired or created?," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 579-604, February.
  4. Du, Julan, 2003. "Why do multinational enterprises borrow from local banks?," Economics Letters, Elsevier, vol. 78(2), pages 287-291, February.
  5. Adrian E. Tschoegl, 2000. "Foreign Banks in the United States Since World War II: A Useful Fringe," Center for Financial Institutions Working Papers 00-42, Wharton School Center for Financial Institutions, University of Pennsylvania.
  6. Focarelli, Dario & Pozzolo, Alberto Franco, 2003. "Where Do Banks Expand Abroad? An Empirical Analysis," Economics & Statistics Discussion Papers esdp03009, University of Molise, Dept. EGSeI.
  7. Adrian E Tschoegl, 2002. "FDI and Internationalization: Evidence from U.S. Subsidiaries of Foreign Banks," Journal of International Business Studies, Palgrave Macmillan, vol. 33(4), pages 805-815, December.
  8. Jerker Denrell, 2004. "Random Walks and Sustained Competitive Advantage," Management Science, INFORMS, vol. 50(7), pages 922-934, July.
  9. 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.
  10. Dopico, Luis G. & Wilcox, James A., 2002. "Openness, profit opportunities and foreign banking," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 299-320.
  11. 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.
  12. Mitchell Berlin & Loretta J. Mester, 1997. "Deposits and relationship lending," Working Papers 96-18, Federal Reserve Bank of Philadelphia.
  13. Bessler, Wolfgang & Murtagh, James P., 2002. "The stock market reaction to cross-border acquisitions of financial services firms: an analysis of Canadian banks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 419-440.
  14. Merrett, D. T., 2002. "The internationalization of Australian banks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 377-397.
  15. 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.
  16. 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.
  17. 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.
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