Which of the following is an advantage of forming a bank holding company?

Question

Quizplus · Accepted Answer

Forming a bank holding company provides both advantages mentioned in options A and B. With a bank holding company, individuals or entities can own and manage several banks in different regions where branching is prohibited. Additionally, it allows for the ownership of other financial institutions that engage in activities related to banking, such as insurance or securities companies, which banks themselves are prohibited from engaging in.

Which of the Following Is an Advantage of Forming a Bank