Bank holding company - Financial definition
Financial acronyms
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Country
: United States of America
Concise definition of the term bank holding company
Term describing a company that owns or controls one or more banks.
Comprehensive definition of the term bank holding company
The Board of Governors has responsibility for regulating and supervising bank holding companies, 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.