Insurance Banking news and trends

Nationwide Plans To Ditch Retail Banking Business

May 08, 2018
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Nationwide Plans To Ditch Retail Banking Business

May 08, 2018
Insurance giant Nationwide has announced it is leaving the retail banking business. Instead, the Ohio-based company will move its deposits and loans to another financial institution and its banking activities will be limited to its retirement plan clients. It currently services 18,500 401(k) plans. “After careful review, we’ve determined that a significant additional investment would […]