Bank of America - Separation of Transamerica Corporation and Bank of America

Time: 1953

Place: U.S.

Details: Giannini sought to build a national bank, expanding into most of the western states as well as into the insurance industry, under the aegis of his holding company, Transamerica Corporation. In 1953 regulators succeeded in forcing the separation of Transamerica Corporation and Bank of America under the Clayton Antitrust Act.

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