Bank Mergers & Acquisitions

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Yakov Amihud, Geoffrey Miller
Springer Science & Business Media, Feb 28, 1998 - Business & Economics - 236 pages
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As the financial services industry becomes increasingly international, the more narrowly defined and historically protected national financial markets become less significant. Consequently, financial institutions must achieve a critical size in order to compete. Bank Mergers & Acquisitions analyses the major issues associated with the large wave of bank mergers and acquisitions in the 1990's. While the effects of these changes have been most pronounced in the commercial banking industry, they also have a profound impact on other financial institutions: insurance firms, investment banks, and institutional investors.
Bank Mergers & Acquisitions is divided into three major sections: A general and theoretical background to the topic of bank mergers and acquisitions; the effect of bank mergers on efficiency and shareholders' wealth; and regulatory and legal issues associated with mergers of financial institutions. It brings together contributions from leading scholars and high-level practitioners in economics, finance and law.
 

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Contents

Bank Consolidation A Central Bankers Perspective
3
Global Patterns of Mergers and Acquisition Activity in the Financial Service Industry
21
Twin Information Revolutions and the Future of Financial Intermediation
37
PART TWO
57
The Value Effects of Bank Mergers and Acquisitions
59
The Efficiency Effects of Bank Mergers and Acquisition A Preliminary Look at the 1990s Data
79
Consolidation in US Banking Implications for Efficiency and Risk
113
The Effect of Bank Ownership Changes on SubsidiaryLevel Earnings
137
PART THREE
173
Bank Mergers and American Bank Competitiveness
175
Consolidation in the Banking Industry An Antitrust Perspective
191
Reassessing RiskBased Capital in the 1990s Encouraging Consolidation and Productivity
207
The Consolidation of the Banking Industry and Small Business Lending
221
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