- agency bank
- /'eɪdʒənsi bæŋk/ nouna bank which does not accept deposits, but acts as an agent for another (usually foreign) bank
Dictionary of banking and finance. 2015.
Dictionary of banking and finance. 2015.
Agency bank — A form of organization commonly used by foreign banks to enter the U.S. market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. The New York Times Financial Glossary … Financial and business terms
agency bank — A form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank. It is also the financial institution that issues ADRs to… … Financial and business terms
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