3 ms·
> No person or company is allowed to own more than 24.9% of a banking charter, and preferably not more than 10%. I'm curious, is that a law? From which country
by Yoric 9y ago
> No person or company is allowed to own more than 24.9% of a banking charter, and preferably not more than 10%.
I'm curious, is that a law? From which country?
- Alex3917 9y agoIt's a U.S. law, not sure about other countries. I believe it's the Bank Holding Company Act: https://www.federalreserve.gov/bcreg20080922b1.pdf https://www.federalreserve.gov/bcreg20080922b1.pdf