Bank holding companies bhc a

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Bank Holding Companies (BHC) A. http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx A. 1970 Amendments to Bank Holding Company Act 1970 (1956) (1956) 1. Permits BHC to enter non-banking activities 2. Permits BHC to acquire banks in different states B. Financial Services Modernization Act (1999) 1. Repeals Glass-Steagal Act (1933) Permits affiliations with Insurance and Brokerage firms Engage in any financial activity via subsidiaries of BHC 1. Most important – cleared way for consolidation of Most industry industry All Rights Reserved All Rights Reserved Dr David P Echevarria 3 BALANCE SHEET REGULATIONS BALANC...
View Full Document

This document was uploaded on 02/11/2014.

Ask a homework question - tutors are online