Wealth management

In Brief: Banks' Insurance Revenue Rises 1.6%

Published November 03, 2005, 2:00 a.m. EST

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Updated November 02, 2005, 3:44 p.m. EST

1 Min Read

Insurance revenue of U.S. bank holding companies totaled $21.2 billion in the first half, 1.6% more than a year earlier, according to Michael White Associates and the American Bankers Insurance Association.

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Citigroup Inc., Wells Fargo & Company, HSBC North America Holdings Inc., JPMorgan Chase & Co., and Countrywide Financial Corp. reported the highest totals.

The findings, released Tuesday, are based on data reported to the Federal Reserve Board by 2,287 top-tier bank holding companies.

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