Which of the Following Is False

Multiple Choice

Which of the following is false?

A) Merchant banking is the making of direct equity investments (purchasing stock) in start-up or growing nonfinancial businesses.
B) A financial holding company can own a bank, a securities firm, and an insurance company.
C) Financial holding companies can engage in a much broader array of financial and nonfinancial services than bank holding companies.
D) Financial holding companies have been outlawed as a result of the financial crisis of 2007-2009.