Who Owns the Major US Subsidiaries of Foreign Banks? A Note

Adrian Tschoegl ()

Center for Financial Institutions Working Papers from Wharton School Center for Financial Institutions, University of Pennsylvania

Abstract: In 2000 ten foreign banks owned the 12 largest US subsidiaries of foreign banks, which account for over 92% of the assets of all subsidiaries. The parent banks were large and tended to be from English-speaking countries. The novel result is that the parent was often the largest bank in its home country, which suggests that domestic limits to growth are a factor in the foreign direct investment decision.

Keywords: foreign banks; subsidiaries; FDI; resource-based view (search for similar items in EconPapers)
JEL-codes: F2 G2 (search for similar items in EconPapers)
Date: 2003-04
New Economics Papers: this item is included in nep-cfn, nep-com, nep-fin, nep-his and nep-ifn
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Citations: View citations in EconPapers (2)

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Journal Article: Who owns the major US subsidiaries of foreign banks?: A note (2004)
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