Foreign banks may engage in banking activities in the United States by opening all of the following except

Question

Quizplus · Accepted Answer

A McFadden Corporation is not a recognized form of banking entity. Therefore, foreign banks cannot open a McFadden Corporation to engage in banking activities in the United States. Foreign banks can open an agency office, a subsidiary U.S. bank, or a branch of the foreign bank in the United States.

Foreign Banks May Engage in Banking Activities in the United