Banking Consolidation in the EU
Author: Rym Ayadi
Publisher: CEPS
Published: 2004
Total Pages: 108
ISBN-13: 9789290794790
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Mergers and Acquisitions in Banking and Finance
Author: Ingo Walter
Publisher: Oxford University Press
Published: 2004-01-29
Total Pages: 328
ISBN-13: 9780198036067
DOWNLOAD EBOOKThis 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."
Bank Mergers & Acquisitions
Author: Yakov Amihud
Publisher: Springer Science & Business Media
Published: 1998-02-28
Total Pages: 268
ISBN-13: 9780792399759
DOWNLOAD EBOOKAs 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.
European Banking Supervision
Author: André Sapir
Publisher:
Published: 2016-06-14
Total Pages: 182
ISBN-13: 9789078910411
DOWNLOAD EBOOKEuropean banking supervision, also known as the Single Supervisory Mechanism, is the first and arguably the main component of European banking union. In late 2014, the European Central Bank became the supervisor for the region's largest banking groups; the ECB also oversees the supervision by national authorities of smaller banks. This Blueprint is the first in-depth study of how this ground-breaking reform is working in practice. Despite teething troubles and occasional misjudgements, this assessment finds that overall European banking supervision has been effective, demanding and broadly fair, at least for the banks under the ECB's direct watch. Even so, achieving a truly single market in banking services will require more time, further supervisory initiatives and new Europe-wide regulatory and legislative steps.
Investigating Diversity in the Banking Sector in Europe
Author: Rym Ayadi
Publisher:
Published: 2010
Total Pages: 0
ISBN-13: 9789461380425
DOWNLOAD EBOOKA midst stormy waters, financial systems develop and evolve. New institutional forms and instruments are invented and put into use. Some of them turn out to be successful while others disappear: a natural process of creative and dynamic competition argues for diversity. Diversity offers an optimal environment in which new ideas can come to life, existing ideas can evolve and old ideas make a comeback. In the aftermath of the financial crisis, the foundations of several decades of modern and innovative financial systems have suffered serious damage. This has triggered massive state interventions and has led authorities to revamp the regulatory structures and frameworks. While many voices have called for a return to more traditional approaches to banking and finance, no one has argued the merits of diversity. This book investigates the merits of a diverse banking system with a special focus on the performance and role of cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands and Spain). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically beneficial to have stakeholder-value banks with a dual bottom-line function, such as cooperative banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system. Book jacket.
Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets
Author: Fotios Pasiouras
Publisher: World Scientific
Published: 2005-10-04
Total Pages: 293
ISBN-13: 9814479233
DOWNLOAD EBOOKIn 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.
The Development of Modern Spain
Author: Gabriel Tortella Casares
Publisher: Harvard University Press
Published: 2000
Total Pages: 552
ISBN-13: 9780674000940
DOWNLOAD EBOOKThis reinterpretation of the history of modern Spain from the Enlightenment to the threshold of the twenty-first century explains the surprising changes that took Spain from a backward and impoverished nation, with decades of stagnation, civil disorder, and military rule, to one of the ten most developed economies in the world. The culmination of twenty years' work by the dean of economic history in Spain, founder of the Revista de Historia Económica and recipient of the Premio Rey Juan Carlos, Spain's highest honor for an academic, the book is rigorously analytical and quantitative, but eminently accessible. It reveals views and approaches little explored until now, showing how the main stages of Spanish political history have been largely determined by economic developments and by a seldom mentioned factor: human capital formation. It is comparative throughout, and concludes by applying the lessons of Spanish history to the plight of today's developing nations.
Competition and Stability in Banking
Author: Xavier Vives
Publisher: Princeton University Press
Published: 2016-08-02
Total Pages: 344
ISBN-13: 0691171793
DOWNLOAD EBOOKA distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What policies can best protect and stabilize banking without stifling it? Institutional responses to such questions have evolved over time, from interventionist regulatory control after the Great Depression to the liberalization policies that started in the United States in the 1970s. The global financial crisis of 2007–2009, which originated from an oversupply of credit, once again raised questions about excessive banking competition and what should be done about it. Competition and Stability in Banking addresses the critical relationships between competition, regulation, and stability, and the implications of coordinating banking regulations with competition policies. Xavier Vives argues that while competition is not responsible for fragility in banking, there are trade-offs between competition and stability. Well-designed regulations would alleviate these trade-offs but not eliminate them, and the specificity of competition in banking should be accounted for. Vives argues that regulation and competition policy should be coordinated, with tighter prudential requirements in more competitive situations, but he also shows that supervisory and competition authorities should stand separate from each other, each pursuing its own objective. Vives reviews the theory and empirics of banking competition, drawing on up-to-date analysis that incorporates the characteristics of modern market-based banking, and he looks at regulation, competition policies, and crisis interventions in Europe and the United States, as well as in emerging economies. Focusing on why banking competition policies are necessary, Competition and Stability in Banking examines regulation's impact on the industry's efficiency and effectiveness.
Mergers and Acquisitions as the Pillar of Foreign Direct Investment
Author: A. Bitzenis
Publisher: Palgrave Macmillan
Published: 2012-07-26
Total Pages: 0
ISBN-13: 9781137013309
DOWNLOAD EBOOKThis comprehensive volume tackles all aspects of Mergers and Acquisitions activity - including regional concentration of M&As at a global level, the impact of the economic crisis, and theoretical concepts and practical applications.
Mergers & Acquisitions in Europe
Author:
Publisher:
Published:
Total Pages:
ISBN-13: 9780852588666
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