In spite of the challenges faced by HSBC, foreign banks continue to invest in Mexico.
And, as it turned out, the sararimen repaid their employers by joining foreign banks and consultancies.
Foreign banks have been allowed unfettered access to El Salvador only since last year.
But Kamath can hardly complain, as foreign banks operating in India face more severe restrictions.
Regardless, foreign banks are but a speck compared to China-based banks in local operations.
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Foreign banks and brokers with U.S. affiliates will fear the U.S. regulators attacking their U.S. operations.
They persuaded the suffering foreign banks to take a 50% haircut on the debt.
The next is to convince foreign banks to restore their short-term credit lines to Brazil.
Still, according to KPMG's Mr. Gleave, the foreign banks face a number of challenges.
The attorney-general hung in valiantly, even going to Europe to do some snooping among foreign banks.
In 11 of the region's countries, foreign banks account for over 60% of bank assets.
Foreign banks have not increased their credit lines to healthy Japanese banks, let alone weaker ones.
Another is to encourage contingent arrangements with foreign banks that guarantee limited credit lines in advance.
At one extreme, in Argentina the market share of foreign banks is already 35%.
German voters are likely to resist using their money to bail out foreign banks.
One of the questions right now is whether foreign banks should be able to take part.
Some countries, notably Poland and Hungary, have seen big benefits from admitting foreign banks.
Foreign banks will be allowed to do business in the Chinese currency with Chinese households.
Most of this recovery was to be financed by borrowing from foreign banks, but no matter.
He says that even foreign banks in Malaysia are obliged to provide Islamic banking services.
Foreign banks cannot offer their services there, while residents are not allowed to invest offshore.
In some places, particularly in eastern Europe and Latin America, foreign banks dominate the domestic financial system.
What about the private equity funds that have been buying distressed debts or foreign banks or funds?
An apt comparison is between Greece and the NASDAQ bank index of 473 domestic and foreign banks.
Nor has Thailand wholly succeeded in persuading foreign banks to keep renewing short-term loans to the country.
That would probably require mergers with or takeovers by foreign banks, which the government will not countenance.
Foreign banks were not, at first, allowed to take majority stakes in Mexican banks, delaying management clear-outs.
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This explains why foreign banks pose no serious competition and have a mere 5% market share of deposits.
Taking away their hold on the business opens the door for competition from foreign banks and smaller banks.
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Yet foreign banks and governments are on board and more of the law is being applied right now.
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