financial holding

What Is The Purpose Of A Bank Holding Company?

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What Is The Purpose Of A Bank Holding Company? What Is a Bank Holding Company? A bank holding company is a corporation that owns a controlling interest in one or more banks but does not itself offer banking services. Holding companies do not run the day-to-day operations of the banks they own. However, they exercise

What Is The Purpose Of The Bank Holding Company Act?

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What Is The Purpose Of The Bank Holding Company Act? The law was implemented, in part, to regulate and control banks that had formed bank holding companies to own both banking and non-banking businesses. The law generally prohibited a bank holding company from engaging in most non-banking activities or acquiring voting securities of certain companies