Commercial Combined Insurance Quotes

Following the technically illegal merger of Citicorp and Travelers Insurance in 1998, the repeal of the Glass-Steagall ban on the combination of investment banks and commercial banks took place in 1999. The result was a wave of mergers among banks and other financial institutions. Between 1990 and 2007, the number of FDIC-insured commercial banks dropped from more than twelve thousand to around seventy-five hundred. In 2007, the ten largest banks had 51 percent of banking industry assets and 40 percent of US domestic deposits.55

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