21-55 The FBSEA of 1991 required a foreign bank to have Fed approval to establish a branch as a new entry,but does not require such approval if the entry is by acquisition.
Correct Answer:
Verified
Q45: 21-53 The effect of the International Banking
Q46: 21-60 A disadvantage to international bank expansion
Q47: 21-50 The European Community Second Banking Directive
Q48: 21-59 International expansion often produces revenue-risk diversification
Q49: 21-56 Offices of foreign banks may be
Q51: 21-43 Research on bank mergers for the
Q52: 21-45 The emergence of the Euro as
Q53: 21-47 U.S.banking offices abroad normally are permitted
Q54: 21-48 The NAFTA agreement and other agreements
Q55: 21-46 The USA Patriot Act of 2001
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