Question: How does an affiliate bank and a subsidiary bank differ? A bank owns and controls an affiliate, and owns but does not control a subsidiary

How does an affiliate bank and a subsidiary bank differ?

A bank owns and controls an affiliate, and owns but does not control a subsidiary bank

A bank owns and controls a subsidiary bank, and owns (minority) but does not control an affiliate bank

An affiliate bank creates loans at a lower interest rate for international businesses.

A bank owns and controls a subsidiary bank, but does not own or control an affiliate bank

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