Often times bank mergers take place because there are too many banks, too many branches, and too many competitors. A merger is when two companies combine to form a larger more powerful firm. Many economist have opposing view points on the role that mergers play in the economy. In the past five years many mergers have occurred in the banking industry for example; Chase Manhattan and Chemical Bank, BankAmerica and NationsBank, and Banc One and …
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showed last 75 words of 1096 total
…and loan companies, that provide an inexpensive ways of doing banking for them, taking out loans and mortgages for them. Bibliography Bibliography Terence P. Pare, "Clueless Bankers", Fortune Magazine, Page 150 American Express Publishing Corp. NY, NY 1995 Geoffrey Colvin Data Complied by Ann Harrington and Mary Danehy, "The Year of the Mega Merger", Fortune Magazine, Page 62, American Express Publishing Corp. NY, NY 1999 Amy Kover, "Big Banks Debunked", Fortune Magazine, Page 187 American Express Publishing Corp. NY, NY 2000