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Around The World In 8,379 Foreign Entities
Tuesday, August 11, 2015 4:34
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by Liberty Street Economics
– this post authored by Preston Mui and Friederike Niepmann
The largest U.S. financial institutions conduct business around the world, maintaining a strong presence through branches and subsidiaries in foreign countries. This blog post highlights trends in their foreign ownership over the past twenty-five years, complementing recent research from the New York Fed on large and complex banks. We document a constant decline in the importance of foreign branches for U.S. financial institutions, an increase in the complexity of foreign subsidiary networks, and a shift of activity from Latin America and the Caribbean to Europe and other regions.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201508110625
