Insurance brokerage fee income slipped in the first half of the year for bank holding companies, according to the latest Michael White Bank Insurance Fee Income Report.

During the first half of the year, bank insurance brokerage units generated $3.37 billion in fee income, down 13.2% from $3.89 billion a year earlier. The drop was due primarily to a $707 million decline in the fee income of top producers Wells Fargo and Citigroup.

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