Foreign banks are financial institutions that operate outside their home country. They provide a range of services, including savings accounts, loans, and investment options, to both individuals and businesses. These banks can help facilitate international trade and investment by offering services in multiple currencies and understanding local regulations. Many foreign banks have branches or subsidiaries in different countries, allowing them to serve a global clientele. They often cater to expatriates and multinational corporations, providing specialized services that address the complexities of operating in various markets. Examples of foreign banks include HSBC and Citibank.