Posts
LeoGlossary: Operating Subsidiaries
25
@leoglossary
··
0 views
1 min read
National banks conduct some of their banking activities through companies called operating subsidiaries. These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases.
The are overseen and regulated by the Office of the Comptroller of the Currency.
Posted Using LeoFinance Beta
