TITLE

Banks and insurers slowly converge

AUTHOR(S)
Elswick, Jill
PUB. DATE
May 2001
SOURCE
Employee Benefit News;May2001, Vol. 15 Issue 6, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that banks, insurance companies and other financial services organizations in the United States have been free to join forces since the enactment of the Gramm-Leach-Bliley Financial Modernization Act took effect. Why few financial firms have chosen to pursue financial holding company status; First insurance company to purchase a nationally chartered bank since the passage of Gramm-Leach-Bliley; Why larger banks are purchasing insurance firms outright.
ACCESSION #
4452455

 

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