--%>
Assignment Help - homework help

what is Subsidiary bank

State what is meant by Subsidiary bank.

E

Expert

Verified

Subsidiary bank is locally incorporated bank which is either completely owned or owned in the major part by foreign subsidiary.  An affiliate bank is one which is partly owned, however not controlled through its foreign parent.  Both the affiliate and subsidiary banks operate under banking laws of country into which they are incorporated.  U.S. parent banks find the subsidiary and affiliate banking structures desirable since they are permitted in order to engage within the security underwriting.

   Related Questions in Financial Accounting

  • Q : Foreign bonds and Eurobonds List some

    List some of the differences between the foreign bonds and Eurobonds and also describe why Eurobonds make up lion’s share of the international bond market.

    		•
  • Q : Major reasons of current account

    In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?

    		•
  • Q : Direct loans-loan guarantees and credit

    Do you think that government of the country must assist the private business in conduction of the international trade through the direct loans, loan guarantees, and/or credit insurance?

    		•
  • Q : Closing entry for financial accounting

    A journal entry that moves the effects of revenues or expenses to the owners' equity account. Only temporary account that is on the income statement is closed. The purpose of a closing entry is twofold. First, it moves revenue to retained earnings on the balance sheet

    		•
  • Q : Calculation of weighted average cost of

    Calculation of weighted average cost of capital: Under this following steps are undertaken: 1. Record amount in respect of various long term resources of firm. 2. Add up the amo

    		•
  • Q : Cross-hedging and its effectiveness

    Discuss cross-hedging and also some of the factors evaluating its effectiveness.

    		•
  • Q : Fictitious Assets Define the terms

    Define the terms Fictitious Assets?

    		•
  • Q : Goal programming model Write an article

    Write an article on Goal programming model to address the selection of the best group of quality control instruments in designing a quality control system for service organizations.

    		•
  • Q : Benefits of investing through

    List the benefits of investing through the international mutual funds?

    		•
  • Q : Evaluate the impact of a recent

    A 2000 word essay (maximum allowed 2,200) Accessing Learning Outcomes: Knowledge 1 and 2 Skills 1, 2, 3 and 5                 "Evaluate the impact of a recent healthcare initiative on nursing practice".<

    		•