Beyond Traditional Banking: Permissible Nonbanking Activities for BHCs

“Closely Related to Banking” Bank holding companies seeking to diversify revenue streams beyond traditional lending and deposit-taking have a surprisingly broad menu of permissible nonbanking activities available under Regulation Y. The Federal Reserve has approved a range of activities as “closely related to banking” under 12 CFR 225.28, often subject to specific conditions and limitations. … Continue reading “Beyond Traditional Banking: Permissible Nonbanking Activities for BHCs”