Megabank Consolidations In The United States

Author : Ashford Maharaj
Publisher : iUniverse
ISBN 13 : 0595356400
Total Pages : 209 pages
Book Rating : 4.09/5 ( download)

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Download or read book Megabank Consolidations in the United States written by Ashford Maharaj and published by iUniverse. This book was released on 2005-07 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Megabank consolidations in the United States: The enigma continues, investigates merger of equals among megabanks as a business model and also postulates that higher premiums are paid for the right to integrate with the very large banks versus that paid for the right to integrate with relatively smaller banks. By introducing merger of equals and megabank premium comparatives, the author has filled a void left vacant by previous researchers investigating inorganic growth among banks in the U.S. banking industry. Decision makers, academicians, policy makers, and students of finance will once more be looking for "what is out there" in order to guide understandings and decisions re the integration aspects among financial intermediaries. The book sought to illuminate a clarity of understanding involving the analysis and interpretation of organic versus inorganic growth among megabanks in the United States. Despite the general destruction of shareholders incremental value brought about through inorganic growth, the enigma continues in that banks proceed to integrate at an accelerating pace over the past two decades, though there was a brief lull early in this new Millennium.

Author : Ashford Maharaj
Publisher : Universal-Publishers
ISBN 13 : 1581122276
Total Pages : 256 pages
Book Rating : 4.75/5 ( download)

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Download or read book Bank Mergers and Acquisitions in the United States 1990 -1997 written by Ashford Maharaj and published by Universal-Publishers. This book was released on 2002-06 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.35/5 ( download)

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Download or read book Recent Trends in Bank Consolidation and Interstate Mega-mergers written by United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit and published by . This book was released on 1996 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Office of the Comptroller of the Currency
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.36/5 ( download)

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Download or read book Consolidations written by United States. Office of the Comptroller of the Currency and published by . This book was released on 1928 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : David W. Peters
Publisher : FriesenPress
ISBN 13 : 1525593994
Total Pages : 233 pages
Book Rating : 4.94/5 ( download)

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Download or read book Doug Peters written by David W. Peters and published by FriesenPress. This book was released on 2020-12-16 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Doug Peters was one of the most prominent business economists in Canada between 1966 and 1992 in his role as chief economist of the Toronto Dominion Bank. He was an outspoken critic of the economic policies of the Progressive Conservative government during the last part of his career. Instead of retiring peacefully in 1992, he decided he wanted to help change economic policy in Canada, and ran for parliament in 1993. From 1993 to 1997, he was the parliament member for Scarborough East and secretary of state for international financial institutions in the Liberal government. Doug Peters: Bay Street Economist on Parliament Hill is the life story of Doug Peters, written by his son, David Peters, but largely based on Doug’s unpublished memoirs. Doug did not follow a conventional career path for a business economist. As a teenager, Doug flunked out of university twice. He then spent ten years working in retail banking. With a more serious, mature attitude in his thirties, Doug went back to university. He was the top student in his Commerce class when he graduated in 1963. He then went on to graduate studies at the University of Pennsylvania, where he received a PhD in 1969. This book tells many interesting stories from Doug’s life. Some of the stories are quite amusing, while other stories tell about important decisions that Doug was involved in.

Author : Stephen A. Rhoades
Publisher : DIANE Publishing
ISBN 13 : 1437933653
Total Pages : 38 pages
Book Rating : 4.59/5 ( download)

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Download or read book Bank Mergers and Banking Structure in the United States, 1980-98 written by Stephen A. Rhoades and published by DIANE Publishing. This book was released on 2010-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Charles W. Calomiris
Publisher : Princeton University Press
ISBN 13 : 0691168350
Total Pages : 584 pages
Book Rating : 4.57/5 ( download)

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Download or read book Fragile by Design written by Charles W. Calomiris and published by Princeton University Press. This book was released on 2015-08-04 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher :
ISBN 13 :
Total Pages : 516 pages
Book Rating : 4.51/5 ( download)

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Download or read book Bank Mergers written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1992 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Steven J. Pilloff
Publisher : DIANE Publishing
ISBN 13 : 1437933637
Total Pages : 87 pages
Book Rating : 4.35/5 ( download)

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Download or read book Bank Merger Activity in the United States, 1994-2003 written by Steven J. Pilloff and published by DIANE Publishing. This book was released on 2010-11 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980¿2003 period the number of banking org. in the U.S. decreased from 16,000 to 8,000, and mergers of healthy institutions were by far the most important cause of that consolidation. During that period, the share of industry assets held by the ten largest commercial banking org. rose from 22% to 46%, and the share of industry deposits held by the ten largest rose from 19% to 41%. The database employed in this study consists of the vast majority of mergers between separately owned banking org. This study covers every transaction in which the target institution or one of its banking subsid. was chartered in the U.S. and in which the acquirer and the target were, or owned, a commercial bank, savings bank, s&l assoc., or industrial bank.

Author : United States. Congress. House. Committee on the Judiciary
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.93/5 ( download)

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Download or read book Effects of Consolidation on the State of Competition in the Financial Services Industry written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1999 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: