Bank mergers in a deregulated environment: promise and peril
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Westport, Conn. [u.a.]
Quorum Books
2001
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XV, 217 S. graph. Darst. |
| ISBN: | 1567203795 |
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MARC
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Record in the Search Index
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| adam_text | Contents
Tables and Figures xi
Preface xiii
1 Introduction 1
Banks in the 1980s: A Near Death Experience? 3
The Merger Movement and Structural Change 7
Competition and Merger Policy in Banking 7
The Uncertain Future: Promise and Peril 9
Notes 11
References 11
2 Banking and Government in the Early Days of Banking 13
A Brief History of Banking in Western Europe 14
Sovereign Loans, Public Finance, and Bank Failure 17
The Search for Stability 21
Symbiosis and Competition Policy 26
Conclusions 34
Appendix: Early Scottish Banking 34
Notes 35
References 39
viii / Contents
3 Early Competition Policies in the United States 43
The Colonial Perspective 44
First Policies and Competitive Restraints 45
The American Banking Model: Benefits, Costs, and Perennial Issues 48
Competitive Issues in Changing Regimes 55
Banking Structure and Competition in the Mid Twentieth Century 70
Conclusions 72
Notes 72
References 75
4 Banking and Antitrust 79
Beginnings of Antitrust Enforcement in Banking 80
The Bank Holding Company and Merger Acts 82
Integration of Banking Policy and Antitrust 88
Early Enforcement and the Evolution of Policy 91
Other Elements of Competition Policy 100
Conclusions 109
Appendix: Herfindahl Hirschman Index (HHI):
Illustrative Computations 110
Notes 112
References 115
5 Why Banks Merge 119
Economic Conditions 122
Enabling Factors 123
Motivations 132
Empirical Analysis of Merger Motives 13 7
Summary and Conclusions 140
Appendix: Bank Consolidation in Europe 140
Notes 143
References 144
6 The Economics of Structural Reorganization 147
Mergers and Structural Change 148
Mergers and Bank Efficiency 151
Mergers, Diversification, and Risk 154
Price Effects of Mergers 155
Analysis of the Anomaly 161
Preliminary Implications for Merger Policy 170
Conclusions 171
Appendix: Bank Structure Projections 172
Contents / ix
Notes 173
I References 175
7 Toward a New Competition Policy for Banking 181
A Recapitulation of Current Bank Merger Policy 182
The Deficiencies of Bank Merger Policy 184
The Presence of the Past: A Framework for Analysis 186
Proposals for Change 190
Conclusions 197
Notes 198
References 199
8 Summary and Conclusions 201
Selected Bibliography 209
Index 211
I
!
I
Tables and Figures
TABLES
1.1 Financial Assets of Selected Financial Institutions 4
1.2 Profits, Capital, and Loan Losses 5
1.3 Number of Mergers, Charters, and Failures 6
3.1 Numbers of the Banks, 1781 1960 47
3.2 Banking Structure and Performance, 1940 1960 68
4.1 Principle Merger Decisions of the Federal Reserve Board,
1994 1996 98
4.2 Characteristics of Tying and Related Cases under Section 106,
1972 1992 106
4.3 Illustrative Calculations of the HHI 111
5.1 Bank Megamergers, 1991 1998 120
5.2 Changes in Number of Insured Commercial Banks:
United States and Other Areas 124
5.3 Insured Commercial Banks and FDIC Disbursements 126
6.1 Industrywide Banking Structure, 1980 1997 149
6.2 Local Market Concentration, 1980 1997 149
6.3 Distribution of Changes in Local Banking Market Concentration
(HHI) With and Without S Ls, 1985 1997 150
6.4 Reports on Bank Fees and Rates, 1989 1998 158
xii / Tables and Figures
6.5 Cost of Funds by Bank Size Classes, 1997 164
FIGURES
5.1 Bank Acquisitions and Consolidations, 1985 1998 127
5.2 Bank Mergers, Charters, and Failures 128
5.3 Noncurrent Loans as a Percentage of Loans Outstanding
by Loan Type, 1990 1999 129
5.4 ROAandROE, 1935 1998 130
5.5 Bank Stock Prices Relative to the Broader S P 500 Index 133
6.1 Savings Deposit Rates Compared to Three Month T Bill Rates 157
6.2 Potential Effects of Mergers on Prices 161
6.3 Phase Diagram of Numbers of Banks, 1934 1999 173
|
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| spelling | Shull, Bernard Verfasser aut Bank mergers in a deregulated environment promise and peril Bernard Shull ; Gerald A. Hanweck 1. publ. Westport, Conn. [u.a.] Quorum Books 2001 XV, 217 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Fusiones bancarias - Estados Unidos Fusiones bancarias - Europa Occidental Bank Bank mergers Europe Bank mergers United States Banks and banking Deregulation Europe Banks and banking Deregulation United States Deregulierung (DE-588)4201191-7 gnd rswk-swf Bankenkonzentration (DE-588)4144010-9 gnd rswk-swf Europa USA Westeuropa (DE-588)4079215-8 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Bankenkonzentration (DE-588)4144010-9 s Deregulierung (DE-588)4201191-7 s DE-604 Westeuropa (DE-588)4079215-8 g Hanweck, Gerald A. Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009362002&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Shull, Bernard Hanweck, Gerald A. Bank mergers in a deregulated environment promise and peril Fusiones bancarias - Estados Unidos Fusiones bancarias - Europa Occidental Bank Bank mergers Europe Bank mergers United States Banks and banking Deregulation Europe Banks and banking Deregulation United States Deregulierung (DE-588)4201191-7 gnd Bankenkonzentration (DE-588)4144010-9 gnd |
| subject_GND | (DE-588)4201191-7 (DE-588)4144010-9 (DE-588)4079215-8 (DE-588)4078704-7 |
| title | Bank mergers in a deregulated environment promise and peril |
| title_auth | Bank mergers in a deregulated environment promise and peril |
| title_exact_search | Bank mergers in a deregulated environment promise and peril |
| title_full | Bank mergers in a deregulated environment promise and peril Bernard Shull ; Gerald A. Hanweck |
| title_fullStr | Bank mergers in a deregulated environment promise and peril Bernard Shull ; Gerald A. Hanweck |
| title_full_unstemmed | Bank mergers in a deregulated environment promise and peril Bernard Shull ; Gerald A. Hanweck |
| title_short | Bank mergers in a deregulated environment |
| title_sort | bank mergers in a deregulated environment promise and peril |
| title_sub | promise and peril |
| topic | Fusiones bancarias - Estados Unidos Fusiones bancarias - Europa Occidental Bank Bank mergers Europe Bank mergers United States Banks and banking Deregulation Europe Banks and banking Deregulation United States Deregulierung (DE-588)4201191-7 gnd Bankenkonzentration (DE-588)4144010-9 gnd |
| topic_facet | Fusiones bancarias - Estados Unidos Fusiones bancarias - Europa Occidental Bank Bank mergers Europe Bank mergers United States Banks and banking Deregulation Europe Banks and banking Deregulation United States Deregulierung Bankenkonzentration Europa USA Westeuropa |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009362002&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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