Handbook of International Banking
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Handbook of International Banking

Edited by Andrew W. Mullineux and Victor Murinde

The Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global financial architecture.
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Chapter 2: Multinational Banking: Historical, Empirical and Case Perspectives

Elisa A. Curry, Justin G. Fung and Ian R. Harper


Elisa A. Curry, Justin G. Fung and Ian R. Harper 1 INTRODUCTION One of the paradoxes of multinational banking is that the names of so many of the main players have such strong national or regional connections. BankAmerica, Banque Nationale de Paris, Deutsche Bank, Hongkong and Shanghai Banking Corporation, National Australia Bank,1 Royal Bank of Canada and Union Bank of Switzerland are but a few instances of this paradox. This section addresses the paradox by outlining the history and evolution of multinational banking from its parochial roots, and then Section 2 discusses various theories of multinational banking. Empirical support for the theories is examined and illustrative examples are provided. The different ways in which national or regional banks transform themselves into multinational corporations are explored in Section 3. The forms which multinational banks (MNBs) take, the reasons why particular forms are chosen and the various organizational strategies they adopt are the principal focus. In Section 4, various themes and strands from the preceding two sections are brought together in a discussion of the performance of MNBs. In particular, Section 4 focuses on the performance of foreign MNBs in the US compared with their domestic rivals. Section 5 looks at the future of MNBs and MNB regulatory reform. The challenges to both MNBs and regulators are canvassed, particularly in the context of the ongoing consolidation of the banking and finance sector. To begin, however, multinational banking and MNBs are defined and distinguished from international banking and international banks....

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