Compare and contrast the structures of bank holding companies, financial holding companies and universal banks.

(Click to select)Bank holding companiesFinancial holding companiesUniversal banks typically own several banks.

(Click to select)Bank holding companiesFinancial holding companiesUniversal banks own banks and other financial intermediaries (such as investment banks and insurance companies).

(Click to select)In bank holding companies and financial holding companiesIn universal banks and financial holding companiesIn bank holding companies and universal banks, there usually remain legal and regulatory separations among the subsidiaries.

(Click to select)Bank holding companiesFinancial holding companiesUniversal banks own a variety of intermediaries (with fewer legal and regulatory separations compared to financial holding companies) as well as non-financial firms.