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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
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  7. 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.
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  14. 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.
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