Expanded functions of bank holding companies; allowed nonbank financial services.
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Bank Holding Company Act (1956)
Benchmark for private loan rates in global finance; based in London.
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LIBOR (London Interbank Offered Rate)
Lifetime income based on years worked/final salary.
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Defined Benefit (DB) Plan
Limited universal bank offering both financial/nonfinancial services.
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Financial Holding Company
Pool small premiums; invest; spread risk; monitor policyholders.
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Insurance Company Function
Required national banks to follow state branching laws; limited interstate banking.
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McFadden Act (1927)
Pool savings; invest in equities; spread risk across participants.
Give this one a try later!
Give this one a try later!
Bank Holding Company Act (1956)
Benchmark for private loan rates in global finance; based in London.
Give this one a try later!
LIBOR (London Interbank Offered Rate)
Lifetime income based on years worked/final salary.
, Give this one a try later!
Defined Benefit (DB) Plan
Limited universal bank offering both financial/nonfinancial services.
Give this one a try later!
Financial Holding Company
Pool small premiums; invest; spread risk; monitor policyholders.
Give this one a try later!
Insurance Company Function
Required national banks to follow state branching laws; limited interstate banking.
Give this one a try later!
McFadden Act (1927)
Pool savings; invest in equities; spread risk across participants.
Give this one a try later!
