October 18: Industry Risk – Total Bank Insurance Revenue Up in First Half of 2007
Location: Washington, DC
Author:
Date: Thursday, October 18, 2007
The nation’s bank holding companies increased their total insurance revenue 1.0 percent to $21.7 billion in the first half of 2007from $21.4 billion during the same period in 2006. CitiGroup (NY), Wells Fargo & Company (CA), and HSBCNorth America Holdings Inc. (IL) led all bank holding companies with significant banking activities in total insurance fee income in the first six months of 2007, according to findings released by Michael White Associates and the American Bankers Insurance Association.
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