Tuesday, July 28, 2009

 

Banks set quarterly record with $734.5 million in first-quarter annuity sales

Income from bank holding companies’ sales of annuities rose 12.4%, to $734.5 million, in the first quarter of this year, setting a quarterly record... The quarterly increase was 12.1%, according to the Michael White-American Bankers Insurance Association Bank Annuity Fee Income Report, which pulls data from all 7,447 commercial and FDIC-supervised banks and 940 large top-tier bank holding companies...

IFA Web News: Banks set quarterly record with $734.5 million in first-quarter annuity sales

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