New York — A number of insurance companies and specialty lenders that aim to become bank or thrift holding companies most of them so they can qualify for government capital are still waiting for their holding company applications to be approved.

When it unveiled its plan in October to invest in banks and thrifts, the Treasury Department says publicly traded companies had to be approved as bank or thrift holding companies by Dec. 31, 2008, to be eligible for funds.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access