The International Expansion of Banking
Publication:
The Empire Club of Canada Addresses (Toronto, Canada), 15 Jan 1976, p. 204-217


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The International Expansion of Banking


Banking, discussed under the following headings. Buildup of an International Network. Swiss Banks Abroad—Foreign Banks in Switzerland. Reasons for Increased Internationalization. Necessity and Risk. What Does the Future Hold? Canada used as an example under the last heading, particularly with regard to the James Bay and Churchill Falls projects, the plans for more nuclear power, the tar sands of Alberta and the Mackenzie natural gas pipeline. Factors for Canada: a considerable need for foreign investment capital and a rich raw material and energy reserve. Canada's role in international banking will increase.