The International Banks’ Network
A distinguishing feature of the increasing internationalisation of the banking industry in the 1970s has been the proliferation throughout the world of national banks’ representative offices, branches, subsidiaries and affiliates. Whereas in previous periods overseas offices were primarily those of ‘colonial’ banks which provided basic trade-financing services to developing countries, the new breed of such offices post-World War II has had a variety of objectives. The purpose of this chapter is to describe these objectives, analyse the structure and functioning of the networks and discuss how banks are resolving some of the principal issues which emerge from the growth of overseas networks.
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