Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Fed Says Bank of Taiwan Can Open Branch in New York City

June 27 (Bloomberg) -- The Federal Reserve cleared the way for the Bank of Taiwan to open a branch in New York.

The bank, with total assets of $135 billion, is the largest commercial bank in Taiwan.

The branch’s activities would include financing, syndicated lending, purchasing and holding securities, remittances and foreign-exchange trading, the Fed said in a statement today in Washington.

To contact the reporter on this story: Jeannine Aversa in Washington at javersa@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.