A rapid growth in international trade over the next several years will push more U.S. banks into international banking, according to a senior economist at BankAmerica Corp.

"The story is that banks have to follow their customers in order to be successful," said Richard H. Courtney, vice president and senior economist at BankAmerica. "Banks can't afford to let their customers outgrow them."

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.