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Chapter 11: Q. 17 (page 316)

Why has the number of bank holding companies dramatically increased?

Short Answer

Expert verified

Bank holding companies can assist it with expanding its benefits by doing different exercises.

Step by step solution

01

Concept Introduction

Bank holding associations are coordinated by the Central bank. Banks that are not moved by holding associations are coordinated primarily by the Workplace of the Specialist of the Money, in spite of the way that U.S. banking rules are so eccentric and broad that a total of five government associations are incorporated.

02

Explanation

By turning into a bank holding company it can accept possession in a few banks as the controlling partner which will assist it with avoiding fanning limitations. Besides, it can assist it with expanding its benefits by doing different exercises.

03

Final Answer

Bank holding companies can assist it with expanding its benefits by doing different exercises.

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