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Credit Crunch Complicates Bank-Insurance Agency Deals

Although focus on the national credit crisis has been ratcheted-up considerably over the past few weeks, banks have been feeling the heat for much longer, with fallout for those planning to acquire

By Jim Campbell | Updated on October 05, 2008

Although focus on the national credit crisis has been ratcheted-up considerably over the past few weeks, banks have been feeling the heat for much longer, with fallout for those planning to acquire more insurance agencies.

Indeed, over the past year, the U.S. commercial banking industry has seen performance and stock valuations fall. Balance sheets have been hammered and previously abundant capital is now in short supply. The number of bank failures is up and is threatening to soar.

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