富国银行(Wells Fargo)来提高保险收入

Wells Fargois seeking to boost its insurance business revenue,The Wall Street Journalreports. The bank is targeting to double the revenue from its insurance brokerage, which currently accounts for 2% of revenue at the lender, in the next 10 years.

Acquisition of insurance brokers, cross-selling more policies to current customers and expanding the life-insurance business will help increase the revenue. The bank, which focuses on selling property-and-casualty policies, may generate about $1 billion in annual revenue by selling more life-insurance policies to consumers.

Click here for the story fromThe Wall Street Journal.