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What Does Financial Holding Company (FHC) Mean?

April 26, 2017COMPANY dictionary Education fhc financial glossary holding Investment mean

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What Does Financial Holding Company (FHC) Mean?

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A financial institution engaged in nonbanking activities that offers customers a wide range of financial services, including the opporunity to purchase insurance products and invest in securities. Financial Holding Companies (FHCs) were created by changes in legislation brought about by the Gramm-Leach-Bailiy Act of 1999 that first allowed bank holding companies to affiliate with securities firms and insurance companies.