The article discusses current developments in international banking operations and practices. It covers topics such as the treatment of foreign banks in the United States and the European Community, standards for foreign banking as a trade service, and the creation of international financial centers like Taiwan. It also explores issues in international insolvency, governing law in financial transactions, and the impact of corporation collapses on syndicated loans. Overall, the article provides insights into the complexities and challenges faced in international banking operations and private law.