large bank holding companies

Large bank holding companies are organizations that own and control multiple banks, often with diverse financial services. They are regulated by authorities to ensure stability and protect consumers. These companies can manage numerous banking subsidiaries, offering services like deposits, loans, investment management, and more. Being a holding company allows them to coordinate operations, expand their reach, and diversify risk across different financial institutions. Essentially, they act as parent organizations overseeing a network of banks, helping maintain financial stability and compliance within the banking industry.