Prodded by the Supreme Court's decision allowing bank insurance sales in all states, House Banking Committee Chairman Jim Leach last week abruptly dropped his opposition to common ownership of banks and insurance companies.

By striking down a Florida law that blocked Barnett Bank from selling insurance from towns of 5,000 or fewer residents, the court also invalidated similar laws in 20 other states.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.