The authority to approve the establishment of the proposed representative offices parallels the continuing authority of New York and Texas to license offices of a foreign bank
started to increase their share of GSE-backed bonds.
However, a security held by a foreign bank
or other custodial service would be a financial account.
Research in other emerging market banking systems and the inclusion of other customer-type variables should be explored to more carefully ascertain the role of foreign bank
entry and acquisitions and domestic bank mergers in promoting banking system efficiency.
Best Foreign Bank
, Latin America - Banco Santander Central Hispano
Analysts maintain that over the last few years, foreign banks
have commanded nearly three-quarters of the overall profitability of the banking sector in Pakistan, in spite of the tight fetters on their expansion.
The Board's authority to approve the establishment of the proposed representative office parallels the continuing authority of the State of New York to license offices of a foreign bank
persons with unreported foreign bank
accounts, which required taxpayer action by April 15, 2003.
Rindlaub noted that The People's Bank of China has been very supportive in encouraging foreign bank
participation in China's economic and financial reform programs and that, over the years, Bank of America has consistently expanded its commitment to the growing China market.
Having the historical perspective of watching the influx of foreign bank
lending in the early 1980's -- which had fairly lenient underwriting criteria -- today's foreign lenders underwrite to very conservative standards.
The foreign bank
are being allowed by the Central Bank of Kuwait to inaugurate its branches where it desires and will deal with all the branches as one entity representing the original mother branch.
A handful of foreign bank
branches and representative offices extant in the country were allowed to undertake administrative and coordination activities but were not permitted to open customer accounts within mainland Iran, receive deposits or extend normative facilities.
Bank"), Mexico City, Mexico, a foreign bank
within the meaning of the International Banking Act ("IBA"), has applied under section 10(a) of the IBA (12 U.
The AICPA reminds tax advisers to ask clients about the existence of foreign bank
accounts and to disclose such information on Form 1040, Schedule B, Part III, Question 7.
However, the jury is still out on whether either Santander or BBV can grow fast enough to challenge frontrunners Banco Bradesco, Banco Itau, Unibanco and the biggest foreign bank
in Brazil, Banco Real, purchased last year by Holland's ABN Amro.