WASHINGTON - The Federal Reserve approved the application of Comerica Inc. to provide career counseling services through its wholly owned subsidiary called Comericomp to a range of financial institutions and people interested in positions at financial institutions.
Comerica, a bank holding company with approximately $27.5 billion of consolidated assets, controls subsidiary banks in California, Michigan, Ohio, Illinois, and Texas and a savings association in Florida.
Comerica also engages, directly and through subsidiaries, in a range of nonbanking activities, according to the Fed.
Comericomp, also based in Detroit, currently provides career counseling services for Comerica and its affiliates.
Through the plan the Fed approved, the concern would expand the provision of these services to unaffiliated companies and individuals in a wide range of industries.