International banking corporation definition

International banking corporation means a banking
International banking corporation means a banking corporation organized and licensed under the laws of a foreign country or a political subdivision of a foreign country.
International banking corporation means a banking corporation organized and licensed under the laws of a foreign country. The term “international banking corporation” includes, without limitation, a foreign commercial bank, foreign merchant bank, or other foreign institution that engages in banking activities usual in connection with the business of banking in the country where such foreign institution is organized or operating, including a corporation: the sole shareholders of which are one or more international banking corporations or holding companies which own or control one or more international banking corporations which are authorized to carry on a banking business, or a central bank or government agency of a foreign country and any affiliate or division thereof; which has the power to receive deposits from the general public in the country where it is chartered and organized; and which is under the supervision of the central bank or other bank regulatory authority of such country. The term also includes foreign trust companies, or any similar business entities, including, but not limited to, foreign banks with fiduciary powers which, that conduct trust business as defined in the financial institutions codes.

Examples of International banking corporation in a sentence

  • International banking corporation" means a bankingcorporation organized and licensed under the laws of some foreign country or a political subdivision thereof, other than the United States of America or any of the states within the United States of Alnerica.


More Definitions of International banking corporation

International banking corporation means a banking corporation organized and licensed under the laws of a foreign country, or, if organized and licensed under the laws of the United States or any of the states of the United States of America, a banking corporation:
International banking corporation means a banking corporation organized and licensed under the laws of a foreign country. The term “international banking corporation” shall include an international commercial bank, foreign merchant bank, foreign mortgage bank, or other foreign institution that engages in banking activities in connection with the business of banking in the country where the foreign institution is organized or operating.
International banking corporation or "corporation" means any
International banking corporation means a banking corporation organized and licensed under the laws of some foreign country or a political subdivision thereof, other than the United States of America or any of the states within the United States of Alnerica.

Related to International banking corporation

  • Financial Services means any service of a financial nature, including (but not limited to) —

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