Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bank holding company

Read a random definition: derivative defense

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

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
LSD+ is ad-free, with DMs, discounts, case briefs & more.