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A comment on Towards a world without Facebook. Parent comment

Re:Towards a world without Facebook by Yoric on Sunday March 25, 2018 @01:44PM (#16673331)
> No person or company is allowed to own more than 24.9% of a banking charter, and preferably not more than 10%.

I'm curious, is that a law? From which country?

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Re:Towards a world without Facebook by Alex3917 on Sunday March 25, 2018 @01:52PM (#16673388)
It's a U.S. law, not sure about other countries.

I believe it's the Bank Holding Company Act:

https://www.federalreserve.gov/bcreg20080922b1.pdf

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