Finally, choosing the financial holding company
form as the model for consolidation stems from a desire to insulate bank and thrift subsidiaries from risks posed by the new activities.
is a financial holding company
with operations in Colorado, Arizona, Wyoming and California.
Mizuho is expected to obtain approval as early as this month, becoming the first Japanese bank to set up a financial holding company
in the United States, they said.
Sterling National Bank, the principal banking subsidiary of financial holding company
Sterling Bancorp (NYSE: STL), today announced a plan to open a new private and professional full service branch to be located at 42 Broadway in Manhattan.
The interpretation clarifies that a foreign bank that wishes to engage in such activity must either be a financial holding company
(FHC) or have authority to engage in underwriting activity under section 4(c)(8) of the BHC Act.
The financial holding company
also has consolidated its executive team and many of its corporate support functions at the new location.
US-based healthcare small business finance provider Provider Web Capital Funding, LLC has consummated a minority equity investment from US-based financial holding company
Atlanticus Holdings Corp.
Fubon Financial Holding Company
(2881.TSE), Taiwan's second-largest listed financial holding company
by assets, has said that it has received approval from the China Insurance Regulatory Commission to form a non-life insurance unit, becoming the first wholly-owned Taiwanese insurer to operate in mainland China, reports Dow Jones.
are planning to set up a financial holding company
in the United States after their merger in October, industry sources said Friday.
Order Approving Formation of Bank Holding Companies and Determination on Financial Holding Company
FleetBoston Financial is the seventh-largest financial holding company
in the United States, with assets of $187 billion.