Banks are beginning to figure that out; witness recent sell offs of insurance agencies owned by banks. Seems that the insurance holdings are a distraction. Bet we see a reversal of this trend. Trying to steer banking and insurance business is not as seamless as once thought. the only ones who could possibly benefit from this trend is the agency owners not necessarily bank stockholders. The juru is still out….
Banking is a good business. Perhaps banks should direct their attention to being good banks and cut out all the other stuff.
Banks are beginning to figure that out; witness recent sell offs of insurance agencies owned by banks. Seems that the insurance holdings are a distraction. Bet we see a reversal of this trend. Trying to steer banking and insurance business is not as seamless as once thought. the only ones who could possibly benefit from this trend is the agency owners not necessarily bank stockholders. The juru is still out….