--%>
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 : Essential condition for

    Specify the essential condition for the fixed-for-floating interest rate swap to be possible?

    		•
  • Q : Depriciation techniques What are the

    What are the merits and demerits of the techniques shown below of depreciation? • Straight line process • Reducing balance process• Revaluation process • Usage process &b

    		•
  • Q : Evaluating the cost of intangible asset

    How to evaluate the cost of intangible asset?

    		•
  • Q : Review the accounting cycle the

    Assignment: The purpose of this assignment is to review the accounting cycle--the procedures that businesses normally use to record transactions during the year and prepare financial statements at the end of the year.  The accounting cycle is discussed in Chapter 3 of your textbook. &nb

    		•
  • Q : What is Asset Management Asset

    Asset Management: The Asset management has two common definitions, one associating to advisory services and the other associated to corporate finance. In the initial instance, an advisor or financi

    		•
  • Q : Proceeds on disposal The following

    The following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost

    		•
  • Q : Great Society programs What are the

    What are the goals of “Great Society” programs?

    		•
  • Q : Accounts and Bills payable-Accounts and

    Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?

    		•
  • Q : Describe the term Operating Expenses

    Describe the term Operating Expenses in business accountancy?

    		•
  • Q : Discrimination to women and minority

    Most of the organizations have established policies to remedy discrimination whenever hiring women and minorities. Discuss whether you feel that affirmative action programs, reverse discrimination, and criteria of comparable worth are suitable forms of remedy. You mus

    		•