IN ADMINISTERING the Bank Holding Company Act, the Federal Reserve Board weighs the public benefits from proposed acquisitions by bank holding companies (hereafter called BHCs) against possible adverse competitive effects.~BHCs are asked to discuss public benefits of proposed acquisitions in applications to acquire banks and noubanking firms. A public benefit commonly mentioned in applications ...

The South African government has expressed an intention to market itself as a gateway investment in Africa. This will be achieved inter alia by redesigning certain aspects of the tax laws order encourage into Africa form headquarter companies special kind holding companies. Netherlands over time adjusted its regime achieve same goal, viz, attract for European countries and globally. Specificall...

Consider multiple companies that continuously review their inventories and face Poisson demand. We study cooperation strategies for these companies and analyse if there exist allocations of the joint cost such that any company has lower costs than on its own; such allocations are called stable cost allocations. We start with two companies that jointly place an order for replenishment if their j...

Title IV of the Financial Services Modernization Act of 1999 closed an important loophole in U.S. banking law: the unitary thrift holding company exemption from laws that prevented the mingling of banking and commerce.1 The loophole had allowed nondepository institutions, including nonfinancial corporations, to own unitary thrift holding companies (UTHCs). Only depository institutions could own...

Title IV of the Financial Services Modernization Act of 1999 closed an important loophole in U.S. banking law: the unitary thrift holding company exemption from laws that prevented the mingling of banking and commerce.1 The loophole had allowed nondepository institutions, including nonfinancial corporations, to own unitary thrift holding companies (UTHCs). Only depository institutions could own...

This study aims to empirically demonstrate the effect of cash holding, financial leverage, profitability, and company size on income smoothing in Indonesia Stock Exchange's primary consumer goods sector from 2017 2021. The population amounted 98 companies a sample 16 companies. used logistic regression analysis moderation for hypothesis testing. findings revealed that holding leverage negativel...

by Gary Whalen Many states have chosen to legally restrict intrastate branching by banks to some degree. In a large proportion of such states, banks are able to circumvent the prohibition on statewide branching because they are permitted to adopt a multibank holding company (MBHC) form and to acquire affiliate banks throughout the state. However, because subsidiary banks in a MBHC continue to b...

We investigate bank holding companies’ window dressing of quarter-end short-term borrowings. We find evidence of downward window dressing of short-term borrowings through repo and federal funds that appears material for a large fraction of the sample. Such downward window dressing is more pronounced at banks with higher leverage, lower capital adequacy ratios, and greater management compensatio...