Yes. They have all of the same rights as U.S. banks. Under the Senate bill, foreign banks can acquire and combine banks on an interstate basis just like U.S. banks if they use the structure required of domestic U.S. banking organizations. This ensures they do not receive preferential treatment.
Donald Riegle: “Yes. They have all of the same rights as U.S. banks. Under the Senate bill, foreign banks can acquire and combine banks…”
Editor's note · Context
Discussing the rights of foreign banks under a Senate bill.
Share
More from Donald Riegle
In developing this amendment, I have worked not only with Senator D'Amato, but with Senator Graham of Florida; Senator Roth; Senator Feingold, who is here and expressed a keen interest in this; Senator Simpson; Senator Kerrey; and Senator…
I would also like to explain what the matching requirements of the Community Development Financial Institutions [CDFI] Fund are and why they are important. The intent of this initiative is to establish a national network of…
Let me continue by saying I will take the issue up with the regulators. We will see what can be done. They are in the process right now of attempting to reevaluate how the CRA process is applied and made to work and is measured. I think…
Finally, the fair trade in financial services is absolutely critical to be accomplished at this time. We have been at this now for years. The negotiations that I have just cited illustrate the fact that we are not going to get the progress…





