What kind of activities do international banks engage in?
What will be an ideal response?
International banks typically develop a complete line of financial services to facilitate the overseas trade of their customers. In addition to commercial credit, these ancillary financial services include market making and trading in spot and forward currencies, international trade financing, and risk management services. Unlike domestic banks, international banks participate in the Eurocurrency market and are frequently members of international loan syndicates, lending out large sums of money to MNCs or governments. An international bank might also engage in the underwriting of Eurobonds and foreign bonds, which are investment-banking activities.
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Indicate whether the statement is true or false