Under its merchant banking authority, FHCs can make investments in up to 100% of a target company's ownership interests. This is in contrast to other forms of ...

Merchant banking is a form of private equity investment activity conducted by financial holding companies (FHCs) in the US.

A financial holding company may not directly or indirectly acquire or control any merchant banking investment except in compliance with the requirements of ...

The guidance specifically targets the equity investment activities of financial holding companies (FHCs), bank holding companies (BHCs), state member banks, and ...

4 A “merchant banking investment” is an investment by a financial holding company in a nonfinancial entity made pursuant to the financial holding company's ...

Shares, assets or ownership interests acquired or controlled under section 4(k)(4)(H) and this subpart are referred to as “merchant banking investments.”

Merchant banking investments include investments made or acquired under any legal authority, and that are held under the Merchant Banking Authority as of the ...

The new merchant banking authority provided under the financial modernization legislation significantly expands the ability of bank affiliates to invest in the ...

(a) Except as provided in this chapter, a merchant bank shall have all the powers and authority of a District-chartered bank or District-chartered savings and ...

As an initial matter, Congress granted merchant banking authority only to financial holding companies, which by definition have depository institutions that ...