3 ms·
Yes, the Bank Holding Company Act of 1956 regulates "any company which has control over any bank".
by gottorf 3y ago
Yes, 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.