search query: @author Wilson, N. / total: 33
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| Author: | Wilson, N. |
| Title: | Here comes the cavalry. |
| Journal: | Banker
1989 : JAN, VOL. 139:755, p. 25-27 |
| Index terms: | STOCK MARKETS BANKS USA |
| Language: | eng |
| Abstract: | Review of how American depositary receipts (ADRs) have outperformed US equities. Growth in ADR base. Reasons for ADR popularity. Use of ADR programmes by non-US companies giving them entry in trading foreign stocks. How over 400 non-US stocks are traded in US in ADR form. Move by National Association of Securities Dealers to automate the market. Competition for ADR listings. Rivalry between banks to act as depositaries. Top depositary bank: JP Morgan. Citibank's London ADR department. A separate box reviews sovereign bonds with views of NYSE vice-president on entry of French treasury bonds to the US ADR market. |
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