Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Boston
Working Papers
The poor performance of foreign bank subsidiaries: were the problems acquired or created?
Joe Peek
Eric S. Rosengren
Faith Kasirye
Abstract

We examine foreign acquisitions of United States banks around the time of the ownership change to determine whether the observed poor performance of foreign subsidiaries is the result of changes in business strategy or the preexisting characteristics of the target bank. We find that many of the problems were already present at the time of acquisition. However, changes in business strategy by the foreign owners were generally not successful in raising the banks's performance level to that of its domestic peers.


Download Full text
Download Full text
Cite this item
Joe Peek & Eric S. Rosengren & Faith Kasirye, The poor performance of foreign bank subsidiaries: were the problems acquired or created?, Federal Reserve Bank of Boston, Working Papers 98-3, 1998.
More from this series
JEL Classification:
Subject headings:
Keywords: Banks and banking; Foreign - United States ; Banks and banking; Foreign
For corrections, contact Catherine Spozio ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal