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Agency bank

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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 the general market.
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That's why politics is still a driving force in corporate finance, says Patricio Baus, general manager for Ecuador at the risk-ratings agency Bank Watch, a unit of the Fitch ratings agency.
Solid ground: multilateral lenders help Ecuador's businesses grow by Ortiz, Maria Elena Verdezoto / Latin Trade
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