If Telco and Cable Companies were Banks…

…would the government prohibit them from distributing the signals of their broadcasting companies over their own networks?

A little over a year after publicly warning banks to stop using their websites to sell insurance, the federal government has proposed new regulations detailing exactly what lenders can and cannot do on-line. Financial Post

From what I can understand, banks are prohibited from selling insurance through their bank branches so they cannot employ tied selling to force customers to buy insurance through them if the customer wants a loan.