The State of Foreign Banking Presence in the United States
Kang Rae Cho, Suresh Krishnan, Douglas Nigh
Abstract
Kang Rae Cho, Suresh Krishnan, Douglas Nigh
Abstract
Since 1970 there has been a phenomenal growth in the establishment of foreign commercial banks in the United States thus altering the competitive dimension of US banking markets. An analysis of the state of foreign banking presence in the United States is here provided using recent disaggregated bank‐level information. Foreign commercial banks' country of origin, timing of entry, forms of involvement, main areas of specialisation, and related offices in the United States are investigated.
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Since 1970 there has been a phenomenal growth in the establishment of foreign commercial banks in the United States thus altering the competitive dimension of US banking markets. An analysis of the state of foreign banking presence in the United States is here provided using recent disaggregated bank‐level information. Foreign commercial banks' country of origin, timing of entry, forms of involvement, main areas of specialisation, and related offices in the United States are investigated.
Key concepts: Business, State (computer science), International banking, Dimension (graph theory), Banking industry, Financial system, International trade, Mathematics