Federal Reserve Makes It Easier To Invest In Banks And Bank Holding Companies.
Mondaq Business Briefing › Nbr. 2008, March 2008
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Federal Reserve Board
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Federal Reserve Makes It Easier To Invest In Banks And Bank Holding Companies.
On September 22, 2008, the Board of Governors of the Federal Reserve System (the "FRB") released a policy statement on equity investments in banks and bank holding companies (the "Policy Statement") that addresses when such investments may amount to a "controlling influence" over a bank or bank holding company ("BHC"). The Policy Statement expands the indicia of control an investing company may have without being considered to have a controlling influence and therefore subjecting it...
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