The Changing Landscape of the Financial Services Industry: What Lies Ahead?
Cara S. Lown
Federal Reserve Banks - Federal Reserve Bank of New York
Carol L. Osler
Brandeis University - International Business School
University of Chicago - Booth School of Business; NBER
Philip E. Strahan
Boston College - Department of Finance; National Bureau of Economic Research (NBER)
FRB of New York Economic Policy Review, Vol. 6, No. 4, pp. 39-55, October 2000
This paper examines the consequences of the Financial Services Modernization Act of 1999 for the structure of the U.S. financial services industry. We ask how the industry may evolve as this new legislation interacts with the consolidation trend already under way, what types of mergers are most likely to occur, and how profitable and risky the resulting firms might be.
Number of Pages in PDF File: 17
Keywords: Gramm Leach Bliley, Financial Services Modernization Act, bank consolidation, financial services consolidation
JEL Classification: G2
Date posted: September 3, 2004