What is a ‘Holding Bank’?
A.
B.
C.
D.
Answer & Solution
Solution:
A holding
bank (often called a bank holding company)
is a financial institution that owns and controls one or more banks but does
not necessarily provide banking services itself. Its primary function is to
manage the operations and assets of its subsidiary banks.
JPMorgan
Chase & Co.: JPMorgan Chase is a well-known bank holding
company that owns multiple subsidiary banks like Chase Bank, and it provides
various financial services through its subsidiaries.
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