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To remain competitive, banks exploited loopholes in the Glass-Steagall Banking Act of 1933, which sharply restricted their activities.
In 1989, 56 percent of American families had at least one general use credit card such as MasterCard or Visa.
Chicago: Irwin Professional Publishing, 1997.
Perhaps the most significant example of convergence came in April 1998 with the announcement of the merger of Citicorp and Travelers Insurance.
In 1999, Congress passed the Gramm-Leach-Bliley Act (GLBA), or the Financial Modernization Act, the most sweeping legislation directed at banks and other financial institutions since the Great Depression.
Boston: Aspatore Publishing, 2002.
"Financial Services Industry ." Dictionary of American History. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/financial-services-industry
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Epic-Premier Insurance Solutions | 1996 | $4.1M | 175 | 2 |
| Acuity Insurance | 1925 | $1.2B | 1,253 | 192 |
| Munich Reinsurance America, Inc. | 1991 | $1.4B | 1,450 | 43 |
| INSTEC | 1982 | $2.0M | 5 | - |
| Infrastructure Services Inc | - | $88.5M | 2 | - |
| Jefferson National Financial | - | $550,000 | 2 | - |
| Corvesta | 2006 | $99,999 | 75 | - |
| AEGIS Insurance Services | 1975 | $301.3M | 200 | 4 |
| StoneRiver | 1986 | $80.0M | 600 | 1 |
| XL America Inc | 1997 | $538,734 | 7,400 | - |
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Financial Industries Corp. may also be known as or be related to FINANCIAL IND, FINANCIAL INDUSTRIES CORP and Financial Industries Corp.