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Author: Ashford Maharaj
Publisher: iUniverse
ISBN: 0595356400
Category : Bank mergers
Languages : en
Pages : 209
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Book Description
Megabank consolidations in the United States: The enigma continues, investigates merger of equals among megabanks as a business model and also postulates that higher premiums are paid for the right to integrate with the very large banks versus that paid for the right to integrate with relatively smaller banks. By introducing merger of equals and megabank premium comparatives, the author has filled a void left vacant by previous researchers investigating inorganic growth among banks in the U.S. banking industry. Decision makers, academicians, policy makers, and students of finance will once more be looking for "what is out there" in order to guide understandings and decisions re the integration aspects among financial intermediaries. The book sought to illuminate a clarity of understanding involving the analysis and interpretation of organic versus inorganic growth among megabanks in the United States. Despite the general destruction of shareholders incremental value brought about through inorganic growth, the enigma continues in that banks proceed to integrate at an accelerating pace over the past two decades, though there was a brief lull early in this new Millennium.
Author: Ashford Maharaj
Publisher: iUniverse
ISBN: 0595356400
Category : Bank mergers
Languages : en
Pages : 209
Get Book Here
Book Description
Megabank consolidations in the United States: The enigma continues, investigates merger of equals among megabanks as a business model and also postulates that higher premiums are paid for the right to integrate with the very large banks versus that paid for the right to integrate with relatively smaller banks. By introducing merger of equals and megabank premium comparatives, the author has filled a void left vacant by previous researchers investigating inorganic growth among banks in the U.S. banking industry. Decision makers, academicians, policy makers, and students of finance will once more be looking for "what is out there" in order to guide understandings and decisions re the integration aspects among financial intermediaries. The book sought to illuminate a clarity of understanding involving the analysis and interpretation of organic versus inorganic growth among megabanks in the United States. Despite the general destruction of shareholders incremental value brought about through inorganic growth, the enigma continues in that banks proceed to integrate at an accelerating pace over the past two decades, though there was a brief lull early in this new Millennium.
Author: Ashford Maharaj
Publisher: Universal-Publishers
ISBN: 1581122276
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
This study focused on factors that have positively influenced the model of economic success for commercial and thrift megabanks involved in merger and acquisition activities for the period 1990 - 1997, a period characterized by an unprecedented flurry of merger and acquisition activities among megabanks in the United States. This study identified and measured key independent variables for identifiable mergers and acquisitions among megabanks and tested the extent to which, such independent variables influenced abnormal returns for underlying equities traded in capital markets. This study also tested the hypothesis that megabanks are attracting significantly higher acquisition premiums than the relatively smaller banks. The data collected and the conclusions drawn were based on the logic of a hypothetico-deductive paradigm, which essentially utilized the techniques of the standard event study methodology, and included parameters of the conventional Capital Asset Pricing Model. This study was based on a scientifically determined sample of over 200 banks in the small bank category and between 68 and 86 banks grouped under the megabank category. The findings revealed that megebank acquirers realized negative abnormal returns and that megabank acquirees did not realize economic value significantly greater than acquirers for those banks that integrated on a merger-of-equals basis. The findings also showed that megabanks seemed more willing to pay higher premiums for the right to integrate with other megabanks vis-a-vis the right to integrate with small banks.
Author: United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Author: United States. Office of the Comptroller of the Currency
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 56
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Book Description
Author: United States. Office of the Comptroller of the Currency
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 56
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Book Description
Author: David W. Peters
Publisher: FriesenPress
ISBN: 1525593994
Category : Biography & Autobiography
Languages : en
Pages : 233
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Book Description
Doug Peters was one of the most prominent business economists in Canada between 1966 and 1992 in his role as chief economist of the Toronto Dominion Bank. He was an outspoken critic of the economic policies of the Progressive Conservative government during the last part of his career. Instead of retiring peacefully in 1992, he decided he wanted to help change economic policy in Canada, and ran for parliament in 1993. From 1993 to 1997, he was the parliament member for Scarborough East and secretary of state for international financial institutions in the Liberal government. Doug Peters: Bay Street Economist on Parliament Hill is the life story of Doug Peters, written by his son, David Peters, but largely based on Doug’s unpublished memoirs. Doug did not follow a conventional career path for a business economist. As a teenager, Doug flunked out of university twice. He then spent ten years working in retail banking. With a more serious, mature attitude in his thirties, Doug went back to university. He was the top student in his Commerce class when he graduated in 1963. He then went on to graduate studies at the University of Pennsylvania, where he received a PhD in 1969. This book tells many interesting stories from Doug’s life. Some of the stories are quite amusing, while other stories tell about important decisions that Doug was involved in.
Author: Charles W. Calomiris
Publisher: Princeton University Press
ISBN: 0691168350
Category : Business & Economics
Languages : en
Pages : 584
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Book Description
Why stable banking systems are so rare Why are banking systems unstable in so many countries—but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, Fragile by Design demonstrates that chronic banking crises and scarce credit are not accidents. Calomiris and Haber combine political history and economics to examine how coalitions of politicians, bankers, and other interest groups form, why they endure, and how they generate policies that determine who gets to be a banker, who has access to credit, and who pays for bank bailouts and rescues. Fragile by Design is a revealing exploration of the ways that politics inevitably intrudes into bank regulation.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 516
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Book Description
Author: Elbert Randall
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Calla Wiemer
Publisher: World Scientific
ISBN: 9812387625
Category : Business & Economics
Languages : en
Pages : 446
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Book Description
This volume is the outgrowth of a conference held at Peking University in May 2002, jointly sponsored by the American Committee on Asian Economic Studies, the Peking University School of Economics, and the China Reform Forum. The contributors include leading scholars from Asia as well as specialists on Asia from the US, Europe, and Australia. The book delves into issues of trade and investment, exchange rates and macroeconomic policy, and preferential trade agreements and other forms of economic cooperation. The overall message is one of regional dynamism animated by concerted efforts to build a favorable institutional environment. China is a great motivating force in this dynamism and a key player in the development of regional agreements.
