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re: 2024 bank failure predictions
Posted on 1/26/24 at 12:05 pm to LSUFanHouston
Posted on 1/26/24 at 12:05 pm to LSUFanHouston
quote:
Doesn't Truist have a bigger insurance business than most other comparable banks? Maybe it's also a factor of simplification.
That is correct. They have the largest remaining bank owned insurance operation. Pretty much everyone else has sold out.
Unlike Europe, US banks have never been able to successfully incorporate insurance into their platform in the way they thought they could.
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