Financial holding company and bank holding company are different names for the same type of entity.

Question

Quizplus · Accepted Answer

Financial holding companies and bank holding companies are similar but not identical entities. Bank holding companies are typically organized to hold a controlling interest in one or more banks, while financial holding companies may also have interests in securities firms, insurance companies, and other financial institutions. Additionally, financial holding companies are subject to a different regulatory regime than bank holding companies.

Financial Holding Company and Bank Holding Company Are Different Names