Types of international banking offices
List different types of the international banking offices.
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Services and operations that international bank undertakes is the function of regulatory environment in which bank operates and the type of banking facility developed.
a) Correspondent bank relationship b) Representative office c) Foreign branch d) Subsidiary bank e) Edge Act banks f) Offshore banking center
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Explain what is meant by the Representative office of any bank.
Explain what you mean by Correspondent bank relationship.
Since NAFTA was developed, several Asian firms particularly those from the Korea and Japan has made the extensive investments in the Mexico. Why do you think these Asian firms decided to build the production facilities in the Mexico?
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