Especially in the highest band of production systems, merger and acquisition (M&A) operations are the main means of growth, and are usually intended to expand the corporate structure through policies of both production integration and strategic diversification. M&A operations have been widespread in the financial sector since the early 1990s, and have led to a radical transformation of the structural characteristics of the banking and financial systems, in both Europe and the United States. In particular, this mass of mergers and acquisitions has led to an increase, across the board, in the degree of concentration of the credit supply, and in the availability of financial services on a vast scale, targeting different types of clientele and markets.
Consolidation in the financial industry
BOTTIGLIA, Roberto;
2011-01-01
Abstract
Especially in the highest band of production systems, merger and acquisition (M&A) operations are the main means of growth, and are usually intended to expand the corporate structure through policies of both production integration and strategic diversification. M&A operations have been widespread in the financial sector since the early 1990s, and have led to a radical transformation of the structural characteristics of the banking and financial systems, in both Europe and the United States. In particular, this mass of mergers and acquisitions has led to an increase, across the board, in the degree of concentration of the credit supply, and in the availability of financial services on a vast scale, targeting different types of clientele and markets.
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