The spectacular growth of foreign banks in the United States has come to an abrupt halt, according to Federal Reserve Board statistics.

The U.S. assets of foreign banks remained flat in the first half of this year, ending nearly two decades of growth, often at double-digit rates. As recently as last year, foreign banks' assets grew by 8.8%.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.