bank mergers
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 First Chicago. These are only a few of the hundreds of mergers that have taken place in the past five years. Although consolidation can make the banking industry more productive, merging and reducing expenses give only a short lived boost to earnings. In the long run we will end up with bigger banks facing the same problem, fewer and fewer people who need them. Like any other industry in today's society the banking industry is changing. Some economist even say its becoming extinct. Bank rivals are pressing from all directions. Commercial Loans that was once an exclusive banking industry has been invaded by companies such as GE Capital and Merrill Lynch. "Over the past five years loan activity at GE Capital already one of the countries biggest lenders has climbed 11%, while the
. . .
Some common words found in the essay are:
Merrill Lynch, Barnett Banks, Stern School, Morgan3 Banking, Banc Chicago, , GE Capital, Wall Street, Magazine Page, NY NY, banking industry, bank mergers, fortune magazine page, american express publishing, corp ny, publishing corp, express publishing, american express, vast companies, fortune magazine, publishing corp ny, express publishing corp, magazine page, corp ny ny, past five,
Approximate Word count = 1183
Approximate Pages = 5 (250 words per page double spaced)
|
 |
