Monday, July 30, 2007
Many Banks Seeing Insurance Income Fees from "Wallet Share" Insurance Products
Bank holding companies are putting more pressure on their non-bank lines of business as the interest rate environment continues to hurt profits.
And nothing has been in the cross-hairs of bank executives more than the insurance operations which holding companies, particularly the national and regional players, have steadily grown for a decade.
"The larger banks recognize that they need to smooth out the peaks and valleys of net interest margins," says Michael D. White, president of Michael White Associates, a bank insurance and economic analysis firm based in Radnor, Pa.
Many Banks Seeing Insurance Income Fees from Wallet Share Insurance Products
Source: Biz Journals
And nothing has been in the cross-hairs of bank executives more than the insurance operations which holding companies, particularly the national and regional players, have steadily grown for a decade.
"The larger banks recognize that they need to smooth out the peaks and valleys of net interest margins," says Michael D. White, president of Michael White Associates, a bank insurance and economic analysis firm based in Radnor, Pa.
Many Banks Seeing Insurance Income Fees from Wallet Share Insurance Products
Source: Biz Journals
Permalink posted by armandn @ 7:10 AM 
 |
 |  |
  |
