Delaware Gov. Tom Carper took another strong step this year toward maintaining the state's progressive banking tradition by signing a bill to let foreign banks establish Delaware as their "home state."

The Foreign Banking Amendments of 1999 permit foreign banks to put their U.S. headquarters in Delaware and to engage in general banking business, though federal requirements realistically will dictate that any deposit- taking would be of a wholesale, not retail, nature.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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