This far-reaching study shows that operating efficiencies are not what are driving today's unrelenting bank merger mania. It suggests that bank mergers and consolidation may have effects that are contrary to consumer and non-financial business interests, such as lower rates of interest, increasing fees, and tighter credit constraints. Dymski recommends several new policies to apply to the evaluation of prospective mergers.The Economic Causes and Social Consequences of Financial Consolidation Gary Dymski ... in Moorea#39;s analysis mask the concentration of consumer credit- card debt in the hands of a relatively small number of banks, these in turn being linkedanbsp;...
|Title||:||The Bank Merger Wave|
|Publisher||:||M.E. Sharpe - 1999-01-01|