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Two foreign bank branches licensed this year have asked the Federal Reserve for a master account. Both were placed in Tier 2, and the review runs on its own clock....

The Federal Reserve's latest data put Banco de Sabadell's Miami branch at $11.6 billion. For a European bank whose US clients are Latin American, the city is decided before the vehicle....

The dollar is still king, and every dollar transaction must clear in the United States. Foreign banks without a US correspondent lose dollar activity entirely....

In April 2026 the Federal Reserve approved Banco de Credito del Peru’s conversion of its Miami agency into a deposit-taking, state-licensed branch. What the upgrade shows Latin American banks about the path to supervised US...

One charter can replace state-by-state licensing patchwork....