The poor performance of foreign bank subsidiaries: were the problems acquired or created?

Faith Kasirye, Joe Peek and Eric Rosengren ()

No 98-3, Working Papers from Federal Reserve Bank of Boston

Abstract: We examine foreign acquisitions of United States banks around the time of the ownership change to determine whether the observed poor performance of foreign subsidiaries is the result of changes in business strategy or the preexisting characteristics of the target bank. We find that many of the problems were already present at the time of acquisition. However, changes in business strategy by the foreign owners were generally not successful in raising the banks's performance level to that of its domestic peers.

Keywords: Banks and banking, Foreign - United States; Banks and banking, Foreign (search for similar items in EconPapers)
Date: 1998
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Journal Article: The poor performance of foreign bank subsidiaries: Were the problems acquired or created? (1999)
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