Which of the following financial institutions converted to bank holding companies in the financial collapse?
A)Wells Fargo
B)Goldman Sachs
C)Morgan Stanley
D)Citicorp
E)b and c

Question

Quizplus · Accepted Answer

Both Morgan Stanley and Goldman Sachs converted to bank holding companies during the financial collapse in order to access the Federal Reserve's discount window and other forms of government assistance. Wells Fargo and Citicorp were already commercial banks and did not need to convert.

Which of the Following Financial Institutions Converted to Bank Holding