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BOE Is Weighing Changes to Subsidiary Rules for Foreign Banks

(Bloomberg) -- The Bank of England is reviewing its rules that determine when international banks are required to set up a formal subsidiary after the collapse of Silicon Valley Bank showed it was easier to seize control of such operations in the event a bank fails. Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthIsrael Latest: Minister Warns of Long War as Biden Weighs VisitUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationSt
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Source: yahoo.com

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