When an overseas banking operation is not separately incorporated from the parent bank, what is it called?

Question

Quizplus · Accepted Answer

When an overseas banking operation is not separately incorporated from the parent bank, it is called a branch bank. Subsidiary banks are independently incorporated entities, affiliated banks are related to the parent bank through strategic partnerships or ownership stakes, and correspondent banks are typically used for facilitating transactions and providing access to local banking networks.

When an Overseas Banking Operation Is Not Separately Incorporated from the Parent