In the 1970's, it expanded into banking, insurance and financial services.
Buenos Aires is also a regional insurance and financial services center.
The merger would have created an insurance and financial services company with more than $20 billion in assets.
Bank, insurance and financial services stocks accounted for about a quarter of the portfolio at last report.
The House also approved a bill to provide tax relief on foreign income for banking, insurance and financial services companies.
Earnings from Xerox's insurance and financial services operations rose 30 percent, to $43 million, in the quarter.
Delek Group' subsidiaries are also involved in insurance and financial services.
It also owns Theoutlets to provide insurance and financial services.
Over two decades of lobbying, the insurance and financial services industries have certainly spent more.
Last year it decided to withdraw from insurance and financial services.
