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Bank Holding Company Act SUBST DIR COMERC

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Bank Holding Company Act

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Under a 1982 amendment to the Bank Holding Company Act bank affiliates had been prohibited from underwriting most forms of insurance. en.wikipedia.org

The passage of the Bank Holding Company Act of 1956 prohibited banks from owning non-banking subsidiaries such as insurance companies. en.wikipedia.org

Under the Bank Holding Company Act of 1956, banks and other financial institutions are restricted from carrying out activities that do not relate to financial activities. en.wikipedia.org

The Bank Holding Company Act of 1956 prohibited interstate bank holding companies (although some existing companies were grandfathered). en.wikipedia.org

The Bank Holding Company Act favors shell holding companies. www.americanbanker.com

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