Bank Mergers Acquisitions

Author : Yakov Amihud,Geoffrey Miller
Publisher : Springer Science & Business Media
Page : 249 pages
File Size : 50,8 Mb
Release : 2013-04-17
Category : Business & Economics
ISBN : 9781475727999

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Bank Mergers & Acquisitions by Yakov Amihud,Geoffrey Miller Pdf

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.

Author : American Bar Association. Section of Antitrust Law
Publisher : American Bar Association
Page : 354 pages
File Size : 54,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 1590317173

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Bank Mergers and Acquisitions Handbook by American Bar Association. Section of Antitrust Law Pdf

The Bank Merger and Acquisitions Handbook is a how-to manual for lawyers who must analyze a potential transaction or who are faced with an agency review of the competitive effects of a proposed transaction that would combine banking institutions. Its focus is practical; complementing the Antitrust Section's other publications on merger review including Mergers and Acquisitions, and the Premerger Notification Practice Manual. This book addresses those aspects of bank merger review that are unique to banking institutions - such as the statutory framework, banking agency review, and Justice Department standards - and draws on learning from recent transactions in which one or more of the reviewing agencies raised concerns. It should be helpful to both antitrust lawyers and banking lawyers faced with a bank merger and to banking lawyers faced with a transaction that presents substantive competition issues.

Author : Jayshree Bose
Publisher : Unknown
Page : 380 pages
File Size : 43,8 Mb
Release : 2006
Category : Bank mergers
ISBN : IND:30000117463335

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Bank Mergers by Jayshree Bose Pdf

This book attempts to exercise a rare restraint in two very crucial and controversial areas of global bank mergers by blindly extolling the virtues of mega bank mergers and the ceaseless flow of economies of scale it supposedly brings; and to resist the t

Author : Benton E. Gup
Publisher : Springer Science & Business Media
Page : 242 pages
File Size : 50,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400925243

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Bank Mergers: Current Issues and Perspectives by Benton E. Gup Pdf

Historians of our financial system will record this as an age of deregulation and bank mergers. Deregulation, a cornerstone of President Reagan's Administration, resulted in federal and state legislation that contributed to increased competition for financial services and increased merger activity. During the 1981-1986 period, there were 2,139 mergers in banking and finance, accounting for 16 percent of total merger activity.l More mergers occurred in banking and finance than in any other industry. Because of these bank mergers, there are vast amounts of data avail able for scholarly research. This book presents some results of that research which will be of interest to academics, bankers, investors, legislators, and regulators. The book consists of ten articles, and it is divided into three parts. Part 1: National and Regional Bank Mergers gives a broad perspective of merger activity. The first article by Peter S. Rose compared the growth of bank holding companies that merged with those that did not merge. One conclusion of his study was that banks planning mergers tended to be aggressively managed and were often beset by problems, such as low profitability or declining loan quality. Mergers were one solution to their problems. But he found no solid evidence that mergers resulted in greater profitability or reduced risk. He also observed that acquiring banks did not seem to grow faster than those choosing not to merge.

Author : Ingo Walter
Publisher : Oxford University Press
Page : 328 pages
File Size : 44,8 Mb
Release : 2004-01-29
Category : Business & Economics
ISBN : 019803606X

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Mergers and Acquisitions in Banking and Finance by Ingo Walter Pdf

This book is intended to lay out, in a clear and intuitive as well as comprehensive way, what we know - or think we know - about mergers and acquisitions in the financial services sector. It evaluates their underlying drivers, factual evidence as to whether or not the basic economic concepts and strategic precepts are correct. It looks closely at the managerial dimensions in terms of the efficacy of merger implementation, notably the merger integration process. The focus is on enhancing shareholder value creation and the execution of strategies for the successful management of mergers. It also has a strong public-policy component in this "special" industry where successes can pay dividends and failures can cause serious problems that reach well beyond the financial services industry itself. The financial services sector is about halfway through one of the most dramatic periods of restructuring ever undergone by a major global industry. The impact of the restructuring has carried well beyond shareholders of the firms and involved into the domain of regulation and public policy as well as global competitive performance and economic growth. Financial services are a center of gravity of economic restructuring activity. M&A transactions in the financial sector comprise a surprisingly large share of the value of merger activity worldwide -- including only deals valued in excess of $100 million, during the period 1985-2000 there were approximately 233,700 M&A transactions worldwide in all industries, for a total volume of $15.8 trillion. Of this total, there were 166,200 mergers in the financial services industry (49.7%), valued at $8.5 trillion (54%). In all of restructuring frenzy, the financial sector has probably had far more than its share of strategic transactions that have failed or performed far below potential because of mistakes in basic strategy or mistakes in post-merger integration. It has also had its share of rousing successes. This book considers the key managerial issues, focusing on M&A transactions as a key tool of business strategy - "doing the right thing" to augment shareholder value. But in addition, the degree of integration required and the historic development of integration capabilities on the part of the acquiring firm, disruptions in human resources and firm leadership, cultural issues, timeliness of decision-making and interface management have co-equal importance - "doing it right."

Author : Hazel J. Johnson
Publisher : Irwin Professional Publishing
Page : 320 pages
File Size : 40,5 Mb
Release : 1995
Category : Bank mergers
ISBN : UOM:39015034887516

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Bank Mergers, Acquisitions & Strategic Alliances by Hazel J. Johnson Pdf

With the passage of interstate banking legislation, mergers and acquisitions will affect every financial institution in the banking system. While some banks will be active in initiating acquisitions, others need to be aware of the changing environment. This guide reviews the processes involved for banks facing acquisitions and covers all the alternatives.

Author : S. Davis
Publisher : Springer
Page : 191 pages
File Size : 54,5 Mb
Release : 2000-08-10
Category : Business & Economics
ISBN : 9780230509399

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Bank Mergers by S. Davis Pdf

Despite the wall of evidence that bank mergers add little or no value, investors and management continue to fuel the consolidation wave. This book draws on the actual experience of senior executives in over 30 banks with extensive merger experience to demonstrate how most mergers do in fact fail to meet objectives. It explores in detail the issues of strategic positioning, cost and revenue synergies, due diligence, IT selection and conversion, people selection, cultural conflict, leadership, and the decision-making time frame. It concludes that experienced and determined leadership, significant net cost savings, swift decision-making and the cost of IT integration are key variables for success. It also suggests that the prospect of more cross-border mergers and modest short-term cost savings argues for a new pact between investors and bank management.

Author : Ashford Maharaj
Publisher : Universal-Publishers
Page : 256 pages
File Size : 46,7 Mb
Release : 2002-06
Category : Business & Economics
ISBN : 9781581122275

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Bank Mergers and Acquisitions in the United States 1990 -1997 by Ashford Maharaj Pdf

This study focused on factors that have positively influenced the model of economic success for commercial and thrift megabanks involved in merger and acquisition activities for the period 1990 - 1997, a period characterized by an unprecedented flurry of merger and acquisition activities among megabanks in the United States. This study identified and measured key independent variables for identifiable mergers and acquisitions among megabanks and tested the extent to which, such independent variables influenced abnormal returns for underlying equities traded in capital markets. This study also tested the hypothesis that megabanks are attracting significantly higher acquisition premiums than the relatively smaller banks. The data collected and the conclusions drawn were based on the logic of a hypothetico-deductive paradigm, which essentially utilized the techniques of the standard event study methodology, and included parameters of the conventional Capital Asset Pricing Model. This study was based on a scientifically determined sample of over 200 banks in the small bank category and between 68 and 86 banks grouped under the megabank category. The findings revealed that megebank acquirers realized negative abnormal returns and that megabank acquirees did not realize economic value significantly greater than acquirers for those banks that integrated on a merger-of-equals basis. The findings also showed that megabanks seemed more willing to pay higher premiums for the right to integrate with other megabanks vis-a-vis the right to integrate with small banks.

Author : Gary Dymski
Publisher : Routledge
Page : 356 pages
File Size : 53,8 Mb
Release : 2016-09-16
Category : Business & Economics
ISBN : 9781315292434

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The Bank Merger Wave: The Economic Causes and Social Consequences of Financial Consolidation by Gary Dymski Pdf

This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.

Author : United States. General Accounting Office
Publisher : Unknown
Page : 104 pages
File Size : 45,5 Mb
Release : 1982
Category : Bank holding companies
ISBN : STANFORD:36105126823074

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Bank Merger Process Should be Modernized and Simplified by United States. General Accounting Office Pdf

Author : Gabriel A. Hawawini,Itzhak Swary
Publisher : North Holland
Page : 252 pages
File Size : 54,5 Mb
Release : 1990
Category : Business & Economics
ISBN : UOM:39015019651853

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Mergers and Acquisitions in the U.S. Banking Industry by Gabriel A. Hawawini,Itzhak Swary Pdf

Presented in this book is a comprehensive empirical analysis of mergers and acquisitions in the U.S. banking industry. The purpose of the study is to examine the merger phenomenon in the banking industry by answering the following questions: - What are the incentives for banks to merge? - Has the prohibition of interstate banking prevented banks from diversifying and has it increased the rate of bank failures by restricting (geographical) diversification opportunities? - Are bank mergers wealth-creating activities and how are the gains/losses from a merger distributed between the acquiring and acquired bank shareholders? - How can the changes in shareholder wealth resulting from bank mergers be explained and are there differences between interstate and intrastate mergers? - What are the implications of the study's findings for regulatory policy? Theory and practical implications are blended in this book which should appeal to both academics and practitioners in the field

Author : Matthias Schubert
Publisher : GRIN Verlag
Page : 15 pages
File Size : 41,6 Mb
Release : 2002-04-22
Category : Business & Economics
ISBN : 9783640044191

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Mergers and Acquisitions (M&As) in the Banking Sector by Matthias Schubert Pdf

Seminar paper from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0 (A), Berlin School of Economics, course: International Corporate Finance, language: English, abstract: The last decade of the 20th century was a decade of enormous changes in the banking sector worldwide. If one compares the largest banks of the world in 1995 with those at the end of 2000 it is obvious to see that many changes have happened in recent years: In 1995 all top five banks were from Japan (total assets in million USD in brackets): Dai-Ichi Kangyo Bank (626,171), Sumitomo Bank (617,053), Sakura Bank (607,245), Sanwa Bank (600,111) and Fuji Bank (587,154. At the end of 2000 the top five banks ranked by total assets were: Sumitomo Mitsui Banking Corp., Japan (958,189), CitiGroup, USA (902,210), Deutsche Bank Group, Germany (882,577), HSBC Holdings, U.K. (673,814) and Bayerische HypoVereinsbank, Germany (672,720). These newly-formed banking groups arose from mergers and acquisitions (M&As) and therefore they are good examples for all the M&As that have taken place in the banking sector worldwide in recent years. In this scientific paper the M&A activity in the banking sector is being analysed on a global basis and, where appropriate, with a special focus on European activities. To do so, the following procedure has been chosen: After the presentation of typical patterns of consolidation the main causes of consolidation and risks arising from M&As will be examined. Afterwards the economical results of the M&A process will be analysed to give a conclusion and an estimation on future activities

Author : Stephen A. Rhoades
Publisher : DIANE Publishing
Page : 38 pages
File Size : 42,9 Mb
Release : 2010-11
Category : Business & Economics
ISBN : 9781437933659

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Bank Mergers and Banking Structure in the United States, 1980-98 by Stephen A. Rhoades Pdf

After 1980, the U.S. banking industry experienced a sustained and unprecedented level of merger activity that has substantially affected banking structure. From 1980 through 1998, there were approx. 8,000 mergers, involving about $2.4 trillion in acquired assets. From 1990 to 1999 several mergers occurred that, at the time of occurrence, were the largest bank mergers in U.S. history. This report describes various facets of bank merger activity and some of the changes in U.S. banking structure that occurred from 1980 through 1998. A primary force underlying the sustained merger movement in banking since 1980 was the gradual removal of state and federal restrictions on geographic expansion in banking. Charts and tables.

Author : United States. Congress. House. Committee on Banking and Financial Services
Publisher : Unknown
Page : 528 pages
File Size : 42,5 Mb
Release : 1998
Category : Business & Economics
ISBN : LOC:00185791075

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Bank Mergers by United States. Congress. House. Committee on Banking and Financial Services Pdf

Author : F. Fiordelisi
Publisher : Springer
Page : 199 pages
File Size : 50,5 Mb
Release : 2009-11-04
Category : Business & Economics
ISBN : 9780230245402

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Mergers and Acquisitions in European Banking by F. Fiordelisi Pdf

Provides a detailed analytical assessment of the merger and acquisition phenomenon in banking. It advances the prior literature focusing on some specific aspects that have been investigated by only limited previous analysis by assessing the effect produced by M&A transactions on bank efficiency and shareholder value.