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

Bank holding companies Financial holding companies Universal banks typically own several banks.

Bank holding companies Financial holding companies Universal banks own banks and other financial intermediaries (such as investment banks and insurance companies).

In bank holding companies and financial holding companies In universal banks and financial holding companies In bank holding companies and universal banks, there usually remain legal and regulatory separations among the subsidiaries.

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