Fee-Earning and Other Activities

Steven I. Davis

Chapter 5 in The Euro-Bank, 1980, pp 89-97 from Palgrave Macmillan

Abstract: Abstract While a number of the earliest Euro-banks were established in the mid-1960s largely to participate in the medium-term lending function of the Euro-currency market, several factors have led to an increasing focus on investment or merchant banking and related activities. American and Japanese commercial banks saw in the establishment of overseas subsidiaries a means of engaging in investment banking activities prohibited in their domestic markets. Other banks already carrying on such activities followed their clients into the international capital markets through their Euro-bank affiliates. An all-pervasive influence, however, has been the increasing awareness of most Euro-banks that income derived independently of a capital base was one of the few means by which a Euro-bank beset by rapidly rising costs of operation, limited ending spreads and a presumed leverage ceiling could produce a reasonably attractive return on stockholder funds.

Keywords: Corporate Finance; Secondary Market; Portfolio Loss; Parent Bank; Overseas Subsidiary (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05661-3_6

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DOI: 10.1007/978-1-349-05661-3_6

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