A corporation that may own several different banks is called a(n) _____
A) conglomerate.
B) private bank.
C) bank holding company.
D) depositary institution.
E) subsidiary.

Question

Quizplus · Accepted Answer

A bank holding company is a corporation that owns one or more banks but does not necessarily engage in traditional banking activities itself. It is regulated by the Federal Reserve and is subject to restrictions on its activities. This term is commonly used in the banking industry to describe a parent company that owns one or more banks.

A Corporation That May Own Several Different Banks Is Called