What is the Definition of Bank Holding Company?

What is the Definition of Bank Holding Company?

A company that owns or controls one or more banks. The Federal Reserve has responsibility for regulating and supervising bank holding company activities, such as approving acquisitions and mergers and inspecting the operations of such companies. This authority applies even though a bank owned by a holding company may be under the primary supervision of the Comptroller of the Currency or the FDIC.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

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What is the Definition of Bank Holding Company?

What is the Definition of Bank Holding Company?

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What is the Meaning of INTERMEDIATION In Insurance Terms?

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