Question

A financial holding company cannot own which of the following?

a. A bank.
b. A bank holding company.
c. A thrift.
d. A thrift holding company.
e. A financial holding company may own all of the above.

Answer 1

A financial holding company cannot own a bank holding company.

Step-by-step explanation:

A financial holding company cannot own a bank holding company. While a financial holding company can own a bank, a thrift, and a thrift holding company, it is not allowed to own another bank holding company. Bank holding companies are regulated by the Federal Reserve, which supervises conglomerate firms that own banks and other businesses.