Abstract
Banks have designs on the insurance industry -- that’s the perspective of many in the financial service industry. The evidence seems clear. Money center institutions have been pushing for insurance powers at the national level. They have convinced state banking authorities, such as those in Delaware, to permit bank holding companies to have the right to market insurance nationwide. And in Europe, there is a full-scale conglomeration of universal banking and the insurance industry.1
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abel, A. A. and B. S. Bernanke, Macroeconomics, New York, Addison Wesley Publishing, 1992.
Benston, George J., The Separation of Commercial and Investment Banking: The Glass-Steagall Act Revisited and Reconsidered, New York, Oxford University Press, 1990.
Brewer III, E., “Relationship Between Bank Holding Company Risk and Nonbank Activity.” Journal of Economics and Business, 41 (1989), 337–53.
Boyd, J. H. and S. L. Graham, “The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge with Other Financial Firms: A Simulation Study.” Quarterly Review (Federal Reserve Bank of Minneapolis), 12, (Spring 1988), 3–20.
Carlson, J. H. and F. J. Fabozzi (eds.), The Trading and Securitization of Senior Bank Loans, Chicago, Probus Publishing Co., 1992.
Dermine, Jean, European Banking after 1992, Oxford: Basil Blackwell, 1990.
Felgran, Steven D., “Banks as Insurance Agencies: Legal Constraints and Competitive Advances.” New England Economic Review, Sept./Oct. 1985, pp. 37–45.
Garsson, R. M., “Bush Faces an Uphill Battle for His Bank Reform Plan.” American Banker, February 11, 1991.
Gorton G. and A. M. Santomero, “Market Discipline and Bank Subordinated Debt.” Journal of Money, Credit, and Banking, 22, No.1 (February 1990), 119–28.
Haraf, W. S., “Separating Banking and Securities: The Social Cost of Regulatory ‘Firewalls’,” Citicorp, 1990.
Herring, R.J. and A.M. Santomero, “The Corporate Structure of Financial Conglomerates.” Journal of Financial Services Research, December 1990, 471–497.
Korczyk, Sophie M., “Expanded Bank Powers: Implications for the Insurance Industry,” unpublished paper for the Independent Insurance Agents of America, 1987.
Litan, Robert, The Revolution in U.S. Finance, Washington, The Brookings Institution, 1991.
Merton, R. C, “An Analytic Derivation of the Cost of Deposit Insurance and Loan Guarantees.” Journal of Banking and Finance, 1, June 1977, 3–11.
Pritchett, S. Travis, “Banking and Insurance,” manuscript, University of South Carolina, 1990.
Ronn, E. and A. Verma, “Pricing Risk-Adjusted Deposit Insurance: An Option-Based Model.” Journal of Finance XLI, No.4, September 1986, 871–95.
Santomero, A.M., “The Changing Structure of Financial Institutions: A Review Essay.” Journal of Monetary Economics, September 1989.
Santomero, A.M. and E.C. Chung, “Evidence in Support of Broader Bank Powers.” Journal of Financial Markets, Institutions and Instruments 1:1992 (formerly Salomon Brothers Monograph series in Finance and Economics).
Saunders, Anthony, “Conflicts of Interest: An Economic View.” in Deregulatory Wall Street Commercial Bank Penetration of the Securities Business, I. Walter (ed.), New York, J. Wiley and Sons, 1985.
Steinherr, A. and C. Huveneers, “Universal Banks: The Prototype of Successful Banks in the Integrated European Market,” Centre for European Policy Studies 2 (1989)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1993 Springer Science+Business Media New York
About this chapter
Cite this chapter
Santomero, A.M. (1993). Banking and Insurance: A Banking Industry Perspective. In: Cummins, J.D., Lamm-Tennant, J. (eds) Financial Management of Life Insurance Companies. Huebner International Series on Risk, Insurance, and Economic Security, vol 17. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2208-5_3
Download citation
DOI: https://doi.org/10.1007/978-94-011-2208-5_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-4979-5
Online ISBN: 978-94-011-2208-5
eBook Packages: Springer Book Archive