Monday, September 7, 2009

multinational banking corporations

The term multinational corporation usually is reserved for large nonfinancial corporations with manufacturing or trading operations in several different countries. However, this term is equally applicable to the world‘s major commercial banks, most of whom have their home offices in Canada, the United States, and Great Britain, but have established offices worldwide. In terms of sheer numbers, however, it is the largest U.S. banks which have accounted for most of the growth in multinational banking during the past 10 years

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