Holding companies report gains in insurance revenueThe nation’s bank holding companies experienced an increase of 0.5 percent in their total insurance revenue to $43.7 billion in 2007, from $43.5 billion in 2006. Citigroup, Inc., Wells Fargo & Company, HSBC North America Holdings in Illinois, and Bank of America Corporation led all bank holding companies with significant banking activities in total insurance fee income in 2007, according to the American Bankers Insurance Association and Michael White Associates. During 2007, 637 large bank holding companies earned some type of insurance-related revenue, compared . . .
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