Subsidiary

FTSE Russell banner 2016.gif

A subsidiary corporation is either fully or majority owned by another, usually larger corporation, which generally establishes a holding company that owns the subsidiary company's shares but also gives it some independence. Many banks and financial institutions operate as subsidiaries of larger banks and the federal Treasury keeps a list of these sudsidiaries, the name they do business under and their parent company.[1]

References

  1. National Bank Operating Subsidiary List. U.S. Treasury.
Last modified on 19 December 2013, at 12:35