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Bank insurance revenue grows.(Industry News)(financial report)(Financial report)(Brief article)

WASHINGTON-U.S. bank holding companies increased their total insurance revenue 1.1% to $21.4 billion in the first half of 2006 from the same period last year.

According to statistics from the American Bankers Insurance Assn. and bank insurance consulting firm Michael White Associates, CitiGroup ($1.57 billion), Wells Fargo & Co. ($728.0 million), Countrywide Financial Corp. ($580.8 million) and HSBC North America Holdings Inc. ($533.2 million) led all bank holding companies in insurance fee income during the first half of the year.

The findings are based on

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