RECENT AND NOTEWORTHY ADDITIONS . . .
October 14, 2009 - Income earned from the sale of annuities at bank holding companies (BHCs) were 1.7% higher than last year, rising to $1.33 billion, according to the Michael White-ABIA Bank Annuity Fee Income Report™. Second-quarter annuity commissions, however, fell.
Click here to read more.
October 6, 2009 - Commercial banks and FDIC-supervised savings banks reported record bank-owned life insurance (BOLI) assets of $115 billion in the first six months of 2009, reflecting a 2.5% increase from $112.1 billion in the first half of 2008, according to the Michael White-Meyer-Chatfield BOLI Holdings Report.
Click here to read more.
September 29, 2009 - Annualized bank Insurance Program Productivity™ continued climbing through the first two quarters of 2009 to exceed year-end 2008 productivity by 12.5%, according to the Michael White-Prudential Bank Fee Income Report.
Click here to read more.
August 25, 2009 - Bank holding company securities brokerage income totaled $6.86 billion in first quarter 2009, up 70.3% from fourth quarter 2008, according to the Michael White Bank Securities Brokerage Income Report™. This large increase was due to Federal Reserve approval of bank holding company applications by Goldman Sachs Group and Morgan Stanley.
Click here to read more.
July 21, 2009 - Income earned from annuity sales at bank holding companies rose 12.4% to a quarterly record of $734.5 million in first quarter 2009, up from $653.3 million in first quarter 2008, according to the Michael White-ABIA Bank Annuity Fee Income Report.
Click here to read more.
