Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 15.5. International Banking*

How do international banks operating in the United States affect the economy?

How do international banks operating in the United States affect the economy? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 15.5. International Banki…

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  • International banks operating in the United States substantially affect the U.S. economy.
  • Their economic impact occurs through several types of contributions.
  • Job creation
  • They employ thousands of people in the United States.
  • Most of these workers are U.S. citizens.
  • Operating and capital expenditures
  • Taxes and other contributions
  • The U.S. operations of foreign banks have a very large asset base.
  • Their combined banking and nonbanking assets exceed $24 trillion.
  • This figure is based on March 2017 Federal Reserve data.
  • Examples of the world's biggest banks in 2017
  • Industrial and Commercial Bank of China; China Construction Bank; JPMorgan Chase & Co.; Wells Fargo & Co.; Agricultural Bank of China; Bank of America Corp.; Bank of China Ltd.; Citigroup.
  • The information appears in Table 15.7.
  • Source: Forbes, “The World’s Biggest Banks in 2017: The American Bull Market Strengthens,” May 24, 2017.
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How do international banks operating in the United States affect the economy?

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IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573

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"International banks operating within the United States also have a substantial impact on the economy through job creation—they employ thousands of people in the United States, and most workers are U.S. citizens—operating and capital expenditures, taxes, and other contributions. According to March 2017 Federal Reserve data, the combined banking and nonbanking assets of the U.S. operations of foreign banks total more than $24 trillion. The World’s Biggest Banks, 2017: Industrial and Commercial Bank of China; China Construction Bank; JPMorgan Chase & Co. (USA); Wells Fargo & Co. (USA); Agricultural Bank of China; Bank of America Corp. (USA); Bank of China Ltd.; Citigroup (USA). Table 15.7. Source: “The World’s Biggest Banks in 2017: The American Bull Market Strengthens,” Forbes, http://www.forbes.com, May 24,"

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