Foreign banks in the United States since World War II 1

Foreign banks have had an organizational presence in the United States since the early 1800s. Until after World War II, the foreign banks’ presence was generally limited. They engaged in trade finance, and in some cases ethnic banking. Their growth really dates from the mid-1960s to 1990. The growth in demand for their services was itself the consequence of the growth trade, the Eurodollar market, foreign exchange trading and non-financial foreign direct investment in the US.