- Insurance revenue up for top bank holding companies
The nation's bank holding companies increased their total insurance revenue 1.1 percent to $21.4 billion in the first half of 2006 from $21.2 billion during the same period in 2005. CitiGroup (N.Y.), Wells Fargo & Company (Calf.), Countrywide Financial Corporation (Calif.), and HSBC North America Holdings Inc. (Ill.) led all ......
- Legal developments
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT Orders Issued Under section 3 of the Bank Holding Company Act Allied Irish Banks, p.l.c. Dublin, Ireland Order Approving Acquisition of Shares of a Bank Holding Company Allied Irish Banks, p.l.c. ("Allied Irish"), a bank holding company within the meaning of the Bank ......
- Report on the Condition of the U.S. Banking Industry: Third Quarter, 2003
Beginning with this issue, the Federal Reserve Bulletin will include a new quarterly report summarizing the condition of the banking industry from its broadest perspective, that of the bank holding company. The report presents financial and nonfmancial data drawn primarily from regulatory filings with the Federal Reserve, along with a ......
- Legal developments
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT Orders Issued Under Section 3 of the Bank Holding Company Act Cooperative Centrale Raiffeisen-Boerenleenbank B. A., Rabobank Nederland Utrecht, The Netherlands Order Approving the Acquisition of a Bank Holding Company and Bank Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Rabobank Nederland ("Rabobank"), a foreign banking organization, ......
- Banking firms make gains in insurance business
The nation's bank holding companies increased their total insurance revenue 18.9 percent to $44.1 billion in 2005. Citigroup, Wells Fargo & Company, HSBC North America Holdings, Countrywide Financial and JP Morgan Chase & Co., led all bank holding companies, according to Michael White Associates and the American Bankers Insurance Association....
- Financial holding companies debut-- and they're
not all giants.
Among community banking institutions, $387 million-assets Umpqua Holdings Corp. has long been known as an innovative bank--though it hasn't been fond of the word "bank." "We view ourselves as a marketing company that just happens to sell financial products and services," says Ray Davis, president and CEO of the Roseburg, ......
- Legal developments
ORDERS ISSUED UNDER BANK HOLDING COMPANY ACT Orders Issued Under Sections 3 and 4 of the Bank Holding Company Act BB&T Corporation Winston-Salem, North Carolina BB&T Corporation, Winston-Salem, North Carolina ("BB&T"), a financial holding company within the meaning of the Bank Holding Company Act ("BHC Act"), has requested the Board's ......