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

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  • Tschoegl, Adrian E.

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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  • 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.
  • Handle: RePEc:eee:intfin:v:14:y:2004:i:3:p:255-266
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    Cited by:

    1. Clare, Andrew & Gulamhussen, Mohamed Azzim & Pinheiro, Carlos, 2013. "What factors cause foreign banks to stay in London?," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 739-761.
    2. Adrian E. Tschoegl, 2004. "Financial Crises and the Presence of Foreign Banks," International Finance 0405016, University Library of Munich, Germany.
    3. Sturm, Jan-Egbert & Williams, Barry, 2010. "What determines differences in foreign bank efficiency? Australian evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 20(3), pages 284-309, July.
    4. Pozzolo, Alberto Franco, 2008. "Bank Cross-Border Merger and Acquisitions (Causes, consequences and recent trends)," Economics & Statistics Discussion Papers esdp08048, University of Molise, Dept. EGSeI.
    5. Tschoegl, Adrian, 2006. "Foreign ownership in Mexican Banking: A Self- Correcting Phenomenon," MPRA Paper 586, University Library of Munich, Germany.
    6. Sturm, Jan-Egbert & Williams, Barry, 2008. "Characteristics determining the efficiency of foreign banks in Australia," Journal of Banking & Finance, Elsevier, vol. 32(11), pages 2346-2360, November.
    7. Gulamhussen, Mohamed Azzim & Hennart, Jean-François & Pinheiro, Carlos Manuel, 2016. "What drives cross-border M&As in commercial banking?," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 6-18.
    8. Iacoviello, Matteo & Minetti, Raoul, 2006. "International business cycles with domestic and foreign lenders," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2267-2282, November.

    More about this item

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • F2 - International Economics - - International Factor Movements and International Business

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