Could someone please tell me exactly what a bank holding company is or where to find the information. I need to know for how it relates to american express so the historical definition I can find doesnt seem relevant. Was the definition changed to allow certain firms to qualify in 2008? Thanks for any help.
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Bank holding company definition
- Thread starter jasonc
- Start date
Ask Goldman and JP Morgan. They have their very own interpretation of what a "bank holding" company is...
And it's only used when you need a quick infusion of cash for your sheer survival. Once you get it you can quickly convert to a Financial Holding Company to avoid all those nasty rules that prevent you from using massive amounts of leverage. If things go wrong the option to convert back to a BHC is always on the table.
Quote from ASusilovic:
Ask Goldman and JP Morgan. They have their very own interpretation of what a "bank holding" company is...
Have you tried google? There's all sorts of info on the various laws that define and regulate bank holding co's...