J.P. Morgan Chase & Co. has put its life-insurance and annuity business on the auction block, according to people familiar with the situation. The move reflects the latest acknowledgment by a big bank that consumers don't want to buy all of their financial services from the same company.
J.P. Morgan Puts Life-Insurance and Annuity Business Up for Auction
Source: Wall Street Journal (subscription required)
J.P. Morgan Puts Life-Insurance and Annuity Business Up for Auction
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