Consolidations in Financial Institutions and Markets
The major contributing factors for mergers and acquisitions (M&A) in the finance sector can be attributed to advances in information technology, financial deregulation, and globalization of financial markets. Consolidation has led to a one-stop shopping concept in the finance sector. The trend of insurance firms merging with banking companies is known as bancassurance. During the period 1990-2001, more than 10,000 financial firms were acquired in developed nations. The 1990s saw some of the largest mergers in banking history in the United States. Particularly in United States, financial mergers have been more heavily concentrated in banking during the last few decades. In ...
Get Strategies of Banks and Other Financial Institutions now with O’Reilly online learning.
O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.