The largest five banks in the US account for more than 75% of all bank assets. The commercial banks have combined assets in excess of $15 trillion. Many banks are owned by holding companies that own other financial services firms. The holding company must own at least % of the bank’s stock. Discuss the advantages a holding company has for a bank. Use APA 7th edition for citations with page numbers included in-text.

The largest five banks in the US account for more than 75% of all bank assets. The commercial banks have combined assets in excess of $15 trillion. Many banks are owned by holding companies that own other financial services firms. The holding company must own at least % of the bank’s stock. Discuss the advantages a holding company has for a bank. Use APA 7th edition for citations with page numbers included in-text.