The author identifies the characteristics of banks and securities firms that appear to contribute to competitive success in the international arena. She bases her findings on studies of several bank product markets and a statistical analysis of the performance of fifty-one large financial...

Foreign banks in the United States are often thought to specialize in providing services to multinational firms from their home countries. This article examines data on Japanese bank loans and the liabilities of Japanese-owned firms to determine whether the increase in Japanese bank assets in...