Sentences with phrase «allow financial holding companies»

Here's the main idea: Allow financial holding companies to own all manner of financial subsidiaries, but disallow:

L. 106 - 102) allows financial holding companies to engage in a variety of business activities, such as insurance and securities, beyond traditional banking activities.

Not exact matches

Facebook shares have long been actively traded on SecondMarket, a New York financial services company that allows early stage investors and employees to sell their shares in privately held start - ups.

The financial sector changes were later confirmed by Yi Gang, the newly appointed head of China's central bank, who said foreign investors would be allowed to hold up to a 51 per cent equity stake in brokerage firms, futures companies and fund management firms.

Veritaseum was holding its ICO over the weekend, allowing users to buy VERI tokens for a product the company was preparing to launch in the realm of financial services.

A Chinese gambit to assume that Chinese robots will be allowed to replace other robots, or that companies taxed on dollar assets held abroad, or financial flows, or what have you, is a marginal movement of thought to merely another corner of the same old old box.

It allows the FDIC to borrow funds from the Treasury to support the liquidation of such firms with the proviso that in the event of any losses, fees will be levied on bank holding companies and other financial institutions to fully reimburse the Treasury.

HR 10 allowed for the formation of financial holding companies that could engage in banking, investment banking, and insurance, with regulation of mixed entities to be done functionally down at the operating companies, in much the same way it would be done for standalone entities.

April 2008 by Wayne Thorp Ralph Wanger's investing style of holding small companies with financial strength, entrepreneurial managers, and understandable businesses allowed him to generate enviable returns while managing the Acorn Fund between 1970 and 2003.

In June, Digital Asset Holdings acquired Hyperledger, a company that developed distributed ledger technology to allow banks and other financial institutions to clear and settle transactions in real time.

In the meantime, the Fed is moving forward on a final rule that allows bank holding companies to act as «finders,» or intermediaries, by bringing together buyers and sellers of financial products for deals they negotiate themselves.