3 ms·
Is that still the case if the bank is a subsidiary?
by yellow_lead 3y ago
Is that still the case if the bank is a subsidiary?
- gottorf 3y agoYes, the Bank Holding Company Act of 1956 regulates "any company which has control over any bank".
- throwaway2037 3y agoHat tip. This part is so important. It prevents a non-bank from taking over a bank with the implicit goal of lending money to themselves. This would be a real danger.