Mergers And Acquisitions In European Banking

Author : Daniel Wülbern
Publisher : GRIN Verlag
Page : 95 pages
File Size : 43,7 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 : F. Fiordelisi
Publisher : Springer
Page : 199 pages
File Size : 53,8 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.

Author : Manfred Pohl,Teresa Tortella
Publisher : Routledge
Page : 344 pages
File Size : 55,5 Mb
Release : 2017-03-02
Category : History
ISBN : 9781351962803

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A Century of Banking Consolidation in Europe by Manfred Pohl,Teresa Tortella Pdf

From the late nineteenth century to the late twentieth century the European banking sector experienced countless mergers and acquisitions. The outcome of this century of consolidation is strikingly similar across the continent, with the banking sector of each country now dominated by a handful of giant banking corporations. Consolidation and concentration trends in banking was the theme of the Academic Archive Colloquium of the European Association for Banking History held in Madrid in June 1997. This volume is comprised of the 18 papers and responses presented at the Colloquium by a truly international group of delegates. Some of the themes explored in the book include: the significance of mergers for bank archives; the regulation of mergers and their impact on banking legislation; reactions to consolidation from within and without the banking industry; case studies of particular mergers and their impact on the wider banking community. Youssef Cassis's introductory chapter provides a general survey of trends in the consolidation process and suggests that the advent of the Euro may herald a new era in the history of European banking consolidation.

Author : Rym Ayadi,Georges Pujals
Publisher : CEPS
Page : 108 pages
File Size : 55,9 Mb
Release : 2004
Category : Bank mergers
ISBN : 9290794798

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Banking Consolidation in the EU by Rym Ayadi,Georges Pujals Pdf

Author : Jayshree Bose
Publisher : Unknown
Page : 380 pages
File Size : 48,8 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 : Matthias Schubert
Publisher : GRIN Verlag
Page : 15 pages
File Size : 54,5 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 : Rym Ayadi
Publisher : Unknown
Page : 88 pages
File Size : 47,5 Mb
Release : 2007
Category : Bank mergers
ISBN : UCSC:32106019519328

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Assessing the Performance of Banking M&As in Europe by Rym Ayadi Pdf

The European banking sector consolidated at a rapid pace throughout the 1990s. It was pushed along by several concurrent factors: the deregulation of banking activities, the further integration of the European financial market, financial globalization, technological and financial innovations, the imperative of value creation, and the introduction of the euro. Far from slowing down, this consolidation process is expected to accelerate over the coming years. This book examines the performance of mergers and acquisitions (M&As) in the banking industry in Europe and introduces a new conceptual approach for assessing the phenomenon. The results show that the economic and financial performance of a banking M&A depends on its underlying strategy. This strategy is based on two factors: a bank's initial activities and its geographical reach. The book demonstrates that achieving the optimal combination of these two factors is critical to the success or failure of an M&A.

Author : Johannes Weigl
Publisher : GRIN Verlag
Page : 136 pages
File Size : 46,5 Mb
Release : 2012-08-16
Category : Business & Economics
ISBN : 9783656259251

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Empirical Evidence on cross-border M&A in the European Banking Sector by Johannes Weigl Pdf

Master's Thesis from the year 2008 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 8,5, Maastricht University, language: English, abstract: Mergers and Acquisitions (abbreviated M&A) within the European financial market have altered the European banking sector drastically in the past couple of decades. Walkner & Raes (2005) claim that cross-border M&As have not been a major feature of the EU banking sector, implying that domestic bank mergers dominated the merger process for a long time. From 1995 to 2006, the number of credit institutions decreased on average my approximately 7% in the eurozone, which was mainly driven by domestic merges. However, since the mid of the 1990s cross-border M&As gained momentum and play a significant role in the European banking consolidation process. Nevertheless, “cross-border M&A has never come close to exceeding domestic mergers and acquisitions” (Kleimeier et al., 2007). Despite the high level of M&A activity in Europe, relatively little research has been conducted dealing with cross-border M&As. Most of prior research applies event study methodology in order to analyze announcement effects of European bank M&As. Further, these studies focus on the question whether bank M&As in Europe have created or destroyed shareholder value. Others try to provide an in depth analysis of the factors that affect and may explain the value creation process. Altunbas et al. (2007) or Beitel et al. (2003) try to explain the M&A success in European bank mergers. However, the results often lack explanatory power. Therefore, this thesis looks at the success of cross-border M&A from a different perspective. The paper aims at understanding whether or not culture plays an important role in the success of M&As. Consequently, the study tries to identify cultural characteristics of bidder and targets, which have explanatory power for bidder returns and the combined effect of both bidder and target. The thesis has several unique features. First, the study conducts an extensive short-term and long-term analysis on cross-border M&As. Second, the results of the event studies are tested by employing accounting studies as well. Third, the thesis provides a real life example of the merger between UniCredit and HypoVereinsbank. This thesis is the first one, which extensively analyzes the following research question: Are cross-border M&As of cultural similar countries more successful?

Author : Anonim
Publisher : Unknown
Page : 46 pages
File Size : 53,8 Mb
Release : 2000
Category : Bank mergers
ISBN : 9291811335

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Mergers and Acquisitions Involving the EU Banking Industry by Anonim Pdf

Author : Yakov Amihud,Geoffrey Miller
Publisher : Springer Science & Business Media
Page : 249 pages
File Size : 48,5 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 : 41,7 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 : R. Bottiglia,E. Gualandri,G. Mazzocco
Publisher : Springer
Page : 238 pages
File Size : 42,5 Mb
Release : 2010-03-02
Category : Business & Economics
ISBN : 9780230275027

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Consolidation in the European Financial Industry by R. Bottiglia,E. Gualandri,G. Mazzocco Pdf

Globalization and the financial crisis highlight the problems caused by worldwide banking organizations and force financial groups to reassess their development strategies. This book discusses the impact of the crisis on the consolidation process in the European financial industry and the need for regulation and financial supervision.

Author : Fotios Pasiouras,Sailesh Tanna,Constantin Zopounidis
Publisher : World Scientific
Page : 296 pages
File Size : 49,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 9789812565181

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Application of Quantitative Techniques for the Prediction of Bank Acquisition Targets by Fotios Pasiouras,Sailesh Tanna,Constantin Zopounidis Pdf

In recent years, the banking industry has faced significant challenges due to deregulation, globalization, financial innovation, and intensified global competition. In response to these challenges, banks have adopted strategies to grow and expand their activities, with mergers and acquisitions (M & As) being one of the most popular over the last decade. This unique book thus discusses the use of quantitative classification methods for the prediction of bank acquisitions. With an overview of the M & A trends in the EU banking industry and a survey of the motives for M & As, the authors compare various statistical and computational methodologies used to analyze and predict bank acquisitions. The material constitutes a useful basis for researchers and practitioners in banking management to develop and analyze investment decisions related to M & As.

Author : Rym Ayadi,Georges Pujals
Publisher : Unknown
Page : 91 pages
File Size : 47,8 Mb
Release : 2005
Category : Bank mergers
ISBN : 3902109289

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Banking Mergers and Acquisitions in the EU by Rym Ayadi,Georges Pujals Pdf

Author : Johann Sebastian Kann
Publisher : GRIN Verlag
Page : 12 pages
File Size : 49,8 Mb
Release : 2004-06-24
Category : Business & Economics
ISBN : 9783638285308

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The New Way of Continental European Universal Banking by Johann Sebastian Kann Pdf

Scientific Essay from the year 2003 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1 (A), University of Graz (Banking & Finance), course: 17. Austrian Banking & Finance Working Group in Graz, 2003, language: English, abstract: The goal of this paper is to investigate how the European Banking environment has changed dramatically over the past years. Based on new studies the author will present the Modern Financial Intermediation Theory from Allen and Santomero (2001) and Recent Banking Efficiency Studies from Van Dijcke (2000) and Ali/ Gstaach (2000), in order to be able to derive new conclusions for the Continental European Universal Banking System. The paper presents a possible new structure of the European Banking System, which will show 3 major segments of local, national and international Banks. Finally the author will draw conclusions of such changes on the Monetary policy of the European Union.