Internationalization patterns

Alfred Slager

Chapter 5 in The Internationalization of Banks, 2006, pp 87-104 from Palgrave Macmillan

Abstract: Abstract In 1980 Bank of America reported record earnings and became a year later the largest bank in the world, measured by assets. The bank positioned itself as a prominent international bank, active in most major and economic centers where the “World Banking” division generated 52% of the bank’s profitability and held 43% of the assets outside the United States. The strategy backfired in the early 1980s: management had difficulties coping with the organization, and the foreign expansion turned out to be overambitious, having lent considerably to South American countries.

Keywords: Foreign Asset; European Bank; Home Bias; Retail Bank; Internationalization Pattern (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-62504-4_5

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DOI: 10.1057/9780230625044_5

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