Banking and commerce: how does the United States compare to other countries?

Joao Santos

Economic Review, 1998, vol. 34, issue Q IV, 14-26

Abstract: Historically, U.S. banks have not been permitted to invest in nonfinancial firms. Restrictions on firms' investments in banks, however, are a recent phenomenon. A comparison of U.S. and foreign regulation of affiliations between banks and nonfinancial firms shows that foreign banking laws are much more liberal. Nonetheless, data on banks' investment in shares and participations shows that they represent only a small fraction of banks' assets.

Date: 1998
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