Taiwan Business Bank wins U.S. approval for New York branch

Taiwan Business Bank

31/12/2015 19:00

WASHINGTON, Dec 31 (Reuters) - Taiwan Business Bank 
 2834.TW  has won approval from the U.S. Federal Reserve to 
establish a state-licensed branch in New York, the Fed said on 
Thursday. 
    TBB, which has consolidated assets of approximately $45 
billion, is a subsidiary of Bank of Taiwan, the largest bank in  
Taiwan that is wholly owned by the East Asian island's ministry 
of finance.  
    It operates a state-licensed branch in Los Angeles and also 
has branches in Hong Kong, Shanghai, Sydney and Brisbane, the 
Fed said. 
     
     
 
 (Reporting by Lisa Lambert) 
 ((lisa.lambert@thomsonreuters.com; +1 202 898 8328; Reuters 
Messaging:  lisa.lambert.thomsonreuters.com@reuters.net)) 
 
Keywords: BANKING TBB/NEW YORK