Banking
What is a correspondent bank?
Quick Answer
A correspondent bank holds accounts (nostro/vostro) for other banks and provides services those banks lack in-country — international wires, FX, USD clearing, trade finance. JPMorgan, Citi, and HSBC dominate global USD correspondent banking.
Warren Team
Updated April 26, 2026
37
Warren Team
Updated April 26, 2026
37
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