At one extreme, in Argentina the market share of foreign banks is already 35%.
The plan would raise money from domestic sources, including pension plans and subsidiaries of foreign banks active in Cyprus.
The combined exposure of foreign banks to Greek entities - public and private - is now around 80bn euros.
Chief among them is the poor record of foreign banks, including some of TD's Canadian peers, on America's high street.
Investing heavily in technology--at one-tenth the cost of foreign banks, he claims--ICICI could offer First World banking services at Indian prices.
Hedge funds, security dealers, US subsidiaries of foreign banks, they're all said to be lobbying the Treasury Department for some of the money.
The assets of foreign banks in China last September grew 18.3% from a year earlier to 2.06 trillion yuan, accounting for 2% of the overall lending.
Kamath targeted India's rising middle class, who were fed up with the poor service of stodgy state-owned banks and couldn't afford the high charges of foreign banks.
Add in the enthusiasm of foreign banks to lend either to Korean banks or directly to overly ambitious chaebol and a perfect credit storm was in the works.
Guillermo Ortiz, a former Mexican finance minister who is now chairman of Banorte, a Mexican lender, wants subsidiaries of foreign banks in emerging markets to be ring-fenced so that money cannot be funnelled out of the country.
Still, Luxembourg's banking sector consists largely of subsidiaries and branches of foreign banks, so that significant support might be expected from mother banks and, ultimately, the governments of those mother banks, in the event of a crisis.
Partly as a result of the Iceland fiasco, the British government has written to the European Commission seeking urgent consideration of improvements to legislation of cross-border banking in the EEA, including better ways of protecting depositors in branches of foreign banks.
Cypriot government officials have said the new plan includes a smaller deposit grab to ease the pain on small savers, help from Russia, restructuring the country's troubled banks and raising money from domestic sources, including pension funds and subsidiaries of foreign banks active in Cyprus.
Participation in the DPS is compulsory for all banks authorised by the Central Bank of Cyprus, i.e. banks incorporated in the Republic of Cyprus, including their branches in other countries, and the Cyprus branches of foreign banks, incorporated outside the Republic of Cyprus or the Member-States of the European Union.
The need of foreign central banks to replace maturing bonds is already distorting the market.
While neither Deutsche nor Dresdner is keen to swallow Commerzbank for fear of indigestion, a number of big foreign banks are thought to have pored over its books.
Other financial firms with banking licences, such as Kotak Mahindra, have been shifting towards the lending business and away from capital markets where profitability has fallen, partly thanks to a rush of foreign investment banks into India.
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The top banks here, which include a handful of foreign-run banks such as Citigroup and Spain's Banco Bilbao Vizcaya Argentaria SA, are widely seen as solid.
Once the new currency is in place, mortgages to Greek banks would likely be repaid in drachma, while repayments of mortgages to foreign banks may have to be renegotiated.
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While they tried to minimize the importance of the move at the Bundesbank, repatriating gold is a clear indication of public loss of confidence on foreign central banks and the integrity of the monetary union.
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One name that cropped up immediately is America's Citigroup, one of the few foreign banks with a sizeable retail branch network in Germany.
Lou Crandall of Wrightson ICAP, a research firm, reckons that half of those reserves have ended up with the American subsidiaries of foreign-owned banks.
"Unlike some of the other foreign banks in the region, Citi has had a presence in key Asian markets for nearly a century, " says Long.
That comes as bad news for those who had hoped Italy was starting to embrace integration, especially after the sacking as central-bank governor of Antonio Fazio, who for many years had blocked foreign takeovers of Italian banks.
Major Chinese banks also are increasingly competing for the same pool of wealthy savers that foreign banks have targeted.
In February Charlie McCreevy, the new European commissioner for markets, duly wrote a letter to the Bank of Italy's governor, Antonio Fazio, asking him what he thought about foreign ownership of Italian banks.
Western governments are not trying to keep foreign banks out of their markets: indeed, foreign credit would be welcome.
The Financial Services Authority (FSA), Britain's financial regulator, has also been busy, issuing new proposals on the management of liquidity by banks (including branches of foreign institutions) in its domain.
Despite the takeover of most British investment banks by foreign houses, the domestic distribution of new share issues is still tightly controlled by local corporate brokers.
In 11 of the region's countries, foreign banks account for over 60% of bank assets.
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