The last decade has witnessed an unprecedented number of mega-mergers in the banking industry: bank of Americas
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The last decade has witnessed an unprecedented number of mega-mergers in the banking industry: bank of America’s acquisitions of fleet bank, MBNA, and U.S. trust; bank of new York’s acquisition of Mellon financial; and wells Fargo’s acquisition of Wachovia, to name several of the largest consolidations.
Besides growth for its own sake, these super banks are able to offer one-stop shopping for financial services: everything from savings accounts to home mortgages, investment account, insurance vehicles, and financial planning.
Do you think these mergers are predicated on economies of scope?
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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