Mergers Acquisitions In The Financial Services Industry

Author : Yakov Amihud,Geoffrey Miller
Publisher : Springer Science & Business Media
Page : 249 pages
File Size : 40,7 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 : Ingo Walter
Publisher : Oxford University Press
Page : 328 pages
File Size : 42,9 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 : H. Rodgin Cohen,William J. Sweet
Publisher : Unknown
Page : 460 pages
File Size : 44,5 Mb
Release : 2005
Category : Business & Economics
ISBN : STANFORD:36105063719152

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Mergers & Acquisitions in the Financial Services Industry by H. Rodgin Cohen,William J. Sweet Pdf

Author : Gabriel A. Hawawini,Itzhak Swary
Publisher : North Holland
Page : 252 pages
File Size : 53,5 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 : Alexandra Lajoux,Dennis J. Roberts
Publisher : McGraw Hill Professional
Page : 368 pages
File Size : 54,8 Mb
Release : 2014-01-17
Category : Business & Economics
ISBN : 9780071799577

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The Art of Bank M&A: Buying, Selling, Merging, and Investing in Regulated Depository Institutions in the New Environment by Alexandra Lajoux,Dennis J. Roberts Pdf

Up-to-date guidance for conducting a successful M&A for banks and financial institutions The simmering economic climate since the financial crisis faces a front of new competition and sweeping regulatory reforms expected to drive the U.S. banking sector into consolidation in the next ten years. Capitalizing on the upcoming opportunities will take strategically focused preparation. The Art of Bank M&A is the unprecedented guide to mastering the merger and acquisition of a bank and any other financial institution. M&A transactions involving financial businesses take place in a framework of regulation, which makes them greatly different from those of commercial companies. The specialized coverage in this one-of-a-kind guide gives you an insider's interpretation of the Dodd–Frank Wall Street Reform and Consumer Protection Act, along with the most popular techniques and strategies used to shed and acquire financial entities within the regulation. Straightforward explanations and instructive examples from the real world reveal: Major changes in banking law and unique considerations for bank holding companies The why and how of bank M&As, including how banks achieve growth and value How to value and validate financial businesses, including the basic steps for determining a price range to purchase a bank Trends in practices, controversy, and reporting for transborder bank M&As, including a convenient summary of inbound and outbound transaction regulations Where to find opportunity in distressed and insolvent banks M&A is the most powerful and risky weapon in financial strategy, and like other books in The Art of M&A series, this latest title gives you everything you need to be savvy in the M&A arena. To prepare for the coming surge in bank mergers and acquisitions, turn to the unmatched, sector-specific guidance in The Art of Bank M&A. Whether you're a senior bank manager, a government regulator, or an individual investor, The Art of Bank M&A covers everything you need to know about the unique economic structures of banks and financial institutions and the federal regulations they must operate within. Sweeping changes brought on by the Dodd-Frank Act as well as the new economic environment still emerging from the 2007–2009 financial crisis makes this timely guide a must-read for everyone involved in banking and M&A. From valuing a business entity to post-merger integration, this conveniently organized guide walks you through every important step of a bank M&A, including: The regulatory framework of bank mergers, and the strategies and standards driving the transaction The reasons behind banks combining their resources, processes, and responsibilities through mergers How to put a price on the value one financial entity brings to another How banks create value through synergy 250 critical questions on the minds of today's forward-thinking professionals Even if you're not directly involved in M&A transactions, this book provides both institutional and individual investors with useful information on the latest investment vehicles and strategies for making money on bank stocks. Before opportunity washes away, learn The Art of Bank M&A.

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 : Matthias Schubert
Publisher : GRIN Verlag
Page : 15 pages
File Size : 51,5 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 : Anonim
Publisher : Unknown
Page : 138 pages
File Size : 42,6 Mb
Release : 2001
Category : Bank employees
ISBN : STANFORD:36105111399676

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The Employment Impact of Mergers and Acquisition in the Banking and Financial Services Sector by Anonim Pdf

Author : Benton E. Gup
Publisher : Springer Science & Business Media
Page : 242 pages
File Size : 46,8 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 : Zabihollah Rezaee
Publisher : John Wiley & Sons
Page : 457 pages
File Size : 47,8 Mb
Release : 2004-03-29
Category : Business & Economics
ISBN : 9780471046332

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Financial Institutions, Valuations, Mergers, and Acquisitions by Zabihollah Rezaee Pdf

THE DEFINITIVE GUIDE TO NAVIGATING TODAY'S FINANCIAL SERVICES INDUSTRY From "one-stop shopping" for financial services to major structural shifts within the industry, rapid changes in information technology, trends toward business combinations, statutory laws, and global competition have contributed to breaking down the geographic and product barriers that once separated traditional financial institutions from other financial entities. This complete authoritative resource is designed for all financial professionals involved in business valuations, mergers, and acquisitions, and includes: * How operations are regulated * How organizations are valued and why they merge * Related accounting standards * Merger and acquisition processes * The Gramm-Leach-Bliley Financial Modernization Act of 1999 * Target bank analysis and tax requirements . . . and much more. Written by an expert in the field, Financial Institutions, Valuations, Mergers, and Acquisitions is an essential tool for keeping up with the increasing and crucial changes in the financial services industry.

Author : Rami Saleh
Publisher : GRIN Verlag
Page : 97 pages
File Size : 40,5 Mb
Release : 2013-05-08
Category : Business & Economics
ISBN : 9783656426882

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The Economic & Profitability Impact of Mergers & Acquisitions among Banks in Lebanon by Rami Saleh Pdf

Doctoral Thesis / Dissertation from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: A, , language: English, abstract: A study of the impact of mergers and acquisitions on the economic profitability among Banks in Lebanon

Author : Anonim
Publisher : Unknown
Page : 257 pages
File Size : 43,8 Mb
Release : 1999-01-01
Category : Bank mergers
ISBN : 9834006640

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A Practical Approach to Mergers and Acquisitions in the Financial Services Industry by Anonim Pdf

Author : Hannes Mungenast
Publisher : GRIN Verlag
Page : 64 pages
File Size : 48,5 Mb
Release : 2007-08
Category : Electronic
ISBN : 9783638674058

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Mergers and Acquisitions in China (with Special Focus on the Financial Industry) by Hannes Mungenast Pdf

Seminar paper from the year 2007 in the subject South Asian Studies, South-Eastern Asian Studies, grade: 87, Dongbei University of Finance and Economics (School of International Business), course: Chinese Financial System, 31 entries in the bibliography, language: English, abstract: China is a fast growing economy. Therefore a lot of companies intend to enter this market. Mergers & Acquisitions (M&A) are a useful tool to do so. First of all, it is important to understand the key principles of M&A. Therefore chapter 2 gives a summary of the most important aspects of mergers and acquisitions in general. Chapter 3 gives an introduction to the Chinese M&A market. It will deal with statistics concerning inbound and outbound deals, FDI and an overview of M&A advisory and investment banks. Chapter 4 will focus on the current situation of M&A activity and foreign direct investment (FDI) in China. FDI is another method for entering a market and is a competing tool to M&A. It will also present some examples of M&A where Chinese companies were involved. Chapter 5 deals with the importance of the stock market for M&A activity. After that, the most important aspects of M&A activities in the Chinese financial industry will be shown. First, an overview of the banking industry in China will be presented and the problems will be shown. After presenting the reasons for foreign companies to enter the Chinese financial market, the M&A activities in that sector will be shown and evaluated.

Author : Daniel Wülbern
Publisher : GRIN Verlag
Page : 95 pages
File Size : 53,5 Mb
Release : 2014-05-12
Category : Business & Economics
ISBN : 9783656983279

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Mergers and Acquisitions in the European Banking Sector / Fusionen und Akquisitionen im Europäischen Banken Sektor by Daniel Wülbern Pdf

Diploma Thesis from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 0, ESCP Europe Business School - Campus Paris, language: English, abstract: Ziel der Arbeit ist es, Treiber und Erfolgsfaktoren von M&A Operationen im Europäischen Bankensektor zu identifizieren und zu analysieren. Methodologisch wurde hierbei auf die Fallstudienanalyse sowie empirische Untersuchungen zurückgegriffen. Die Arbeit mündet in der Entwicklung verschiedener Szenarien einer zukünftigen Konsolidierung des Bankensektors sowohl innerhalb der einzelnen EU Staaten als auch cross-border.

Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher : Unknown
Page : 208 pages
File Size : 46,6 Mb
Release : 1996
Category : Business & Economics
ISBN : UVA:X002719235

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Recent Trends in Bank Consolidation and Interstate Mega-mergers by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit Pdf