The current rules requiring banks to create separate subsidiaries in each state can cause headaches for bank customers.
Therefore they want to force the Bell companies to form separate subsidiaries or to stay out of information services entirely.
The board has voted for now to put the corridor in a separate subsidiary.
To do that, Schwab probably would have had to set off its business of making markets in stocks as a separate subsidiary, he said.
Through separate subsidiaries they will be allowed to do bond underwriting.
However, in order to reduce the size, a separate subsidiary was created.
It will operate as a separate subsidiary of First Boston.
California banks have offered insurance before but only through outside vendors or separate subsidiaries.
The bill would require banks and securities firms to operate as separate subsidiaries of a single holding company.
It became a separate subsidiary in 1973, and was sold to a management group in 1980.