Financial Holding Company (FHC).
A financial holding company (FHC) is a bank holding company that has been granted certain powers by the U.S. government. FHCs are allowed to engage in a wider range of activities than traditional bank holding companies. These activities include investment banking, insurance, and merchant banking. FHCs were created in 1999 by the Gramm-Leach-Bliley Act (GLBA). … Read more