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.
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