Advertising

Agency bank

• A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank.

• A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as an agent for the parent bank. Term often used on the Street to refer to both foreign bank agencies and branches.

 
 Embedded terms in definition
 Agencies
Agency
Agent
Foreign
Its
Market
Street
U
 
 Related Terms
 

<< Agency Agency basis >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

The best way to inspire people to superior performance is to convince them by everything you do and by your everyday attitude that you are wholeheartedly supporting them. - Harold S. Geneen

Advertising



Copyright 2009-2019 GVC. All rights reserved.