General Question

Jackspeed's avatar

Can someone explain Bank Holding Companies to me?

Asked by Jackspeed (1points) September 16th, 2007

I was doing some surfing around and was reading the FED side and I couldn’t really grasp the idea of Bank Holding Companies.

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1 Answer

ironhiway's avatar

A company that owns or controls one or more banks or companies associated with banking such as leasing companies, credit companies, etc. It is usually identified by the word Bancorp or Bancshares in the name. The Federal Reserve Board of Governors regulates all bank holding companies.
Definition by Bankrate.com
http://www.bankrate.com/brm/definitions.asp?Page=1&channelId=19&slid=1&termUid=2361

ironhiway (1370points)“Great Answer” (0points) Flag as…

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