Implications of Global Financial Intermediation

Harry L. Freeman

Chapter 8 in International Banking, 1988, pp 73-84 from Palgrave Macmillan

Abstract: Abstract As a non-banker I am flattered to be here among a group of bankers. American Express Company does have a banking unit, American Express Bank Ltd, which operates substantially offshore from the USA (because of regulatory requirements). Much of the rest of American Express Company is thought of as that large ‘non-bank financial services company’, whether it be our Shearson Lehman Brothers investments and securities unit, our IDS Financial Planning unit, or the Travel Related Services Company (which operates the American Express Card, Travellers’ Cheques, Travel, Money Orders, Publishing, and data processing and telecommunications activities throughout its own subsidiary, First Data Resources).

Keywords: Financial Institution; Financial Service; Mutual Fund; Real Estate Investment Trust; Bank Regulator (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09706-7_8

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DOI: 10.1007/978-1-349-09706-7_8

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