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Suppose Bank of America (BAC) wants to open two subsidies In the US in order to 1) serve foreign residents living in the US and
Suppose Bank of America (BAC) wants to open two subsidies In the US in order to 1) serve foreign residents living in the US and 2) conduct Int'l banking operations.
Describe how BAC would structure these two new business. In other words, what kind of rules would they have to comply with and/or what kind of facilities would BAC have to set-up?
Be specific.
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