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Simple English definitions for legal terms

bank holding company

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A quick definition of bank holding company:

A bank holding company is a company that owns or controls one or more banks. This means that they have a significant amount of ownership or control over the banks, usually at least 25%.

A more thorough explanation:

A bank holding company is a company that owns or controls one or more banks. To be considered a bank holding company, the company must own or control at least 25% of the bank. The abbreviation for bank holding company is BHC.

JPMorgan Chase & Co. is a bank holding company that owns several banks, including JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A.
Wells Fargo & Company is a bank holding company that owns Wells Fargo Bank, N.A.

These examples illustrate the definition of a bank holding company because they both own multiple banks. JPMorgan Chase & Co. owns JPMorgan Chase Bank, N.A. and Chase Bank USA, N.A., while Wells Fargo & Company owns Wells Fargo Bank, N.A. Both companies own at least 25% of these banks, making them bank holding companies.

bank fraud | Banking Act of 1933

General

General chat about the legal profession.

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choosingpeace

13:08

missing CLS and Penn waves im so screwed

choosingpeace

13:08

i applied early too i hate everything im crashing out im crashing OUT

PerpetualCheerfulBeaver

13:08

I literally have no experience in this type of stuff, but if i get waitlisted, should i send an email about continued interest?

lilypadfrog

13:09

im so nonchalant

lilypadfrog

13:09

i will probably hear something back eventually

texaslawhopefully

13:10

I wish I could be like you lily

Trismegistus

13:10

im actively losingh my mind man

choosingpeace

13:10

@texaslawhopefully: lmaoo same Im crashing out so bad like it's never been this bad

texaslawhopefully

13:11

I need Chicago on Friday

Trismegistus

13:11

me too

Trismegistus

13:11

sixty coffees is having an insane cycle

PerpetualCheerfulBeaver

13:12

jesus they really are

GreyCeaselessMammoth

13:13

sixtys making a historic run here

Trismegistus

13:13

theyre close to my stats that's how i know them lol

choosingpeace

13:13

stanford harvard columbia duke wtfff

choosingpeace

13:13

uva nyu umich

sadpadresfan

13:13

I’m just tryna be like him fr fr

choosingpeace

13:13

that's crazy

ImpartialLion

13:13

Def that fulbright

choosingpeace

13:14

ohhhh

choosingpeace

13:14

i didn't even see that yep fas

lilypadfrog

13:14

why does the Fulbright have so much weight? idgi

ImpartialLion

13:14

And several pubs, and solid we. pretty awesome app

texaslawhopefully

13:14

idk I feel like that Fulbright isn't that big of a diff, there's so many countries where it is easy to get

snow

13:14

im telling yall, sictycoffees and nothim are like prime kobe and shaq

texaslawhopefully

13:14

it is prolly they just had a great overall narrative and not KJD

sadpadresfan

13:14

^

sadpadresfan

13:14

KJD 🗑️ squad

ImpartialLion

13:15

Maybe a fulbright alone isnt insanity, but pairing it with several first author pubs is sick

sadpadresfan

13:15

Besides lion ur killin jt

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