NU Online News Service, May 13, 3:44 p.m. EDT
A New York research group announced that a study has found banks with some insurance activity had 2008 median net income nearly 70 percent higher than banks without insurance involvement.
That conclusion follows analysis of 2008 Federal Deposit Insurance Corporation (FDIC) call report data, said Bank Insurance Market Research Group, based in Mamaroneck, N.Y.
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