Alliance Networks in European Banking

268

Posted: 2 May 1998

See all articles by C. Garcia Pont

C. Garcia Pont

IESE Business School, University of Navarra

Date Written: June 1994

Abstract

This paper analyses the structure of strategic linkages - including mergers, acquisitions, alliances, equity holdings, joint ventures, and cooperative agreements - among the 200 largest European commercial banks. Most of these linkages have occurred as strategic reactions to the current acceleration of financial integration in Europe and the resulting changes in the bases of competition in the banking industry. By analyzing the structures of linkage formation among European banks, we can determine which of these impacts and strategic reactions are most salient. We find two types of strategic blocks: those yielding intramarket consolidation and those providing cross-border complementarity, the latter largely among banks with different strategic capabilities. We find no cases where linkages lead to Pan-European, universal banks, i.e., banks that seek broad geographic and product-client coverage.

JEL Classification: G15, G21

Suggested Citation

Garcia Pont, Carlos, Alliance Networks in European Banking (June 1994). 268. Available at SSRN: https://ssrn.com/abstract=7144

Carlos Garcia Pont (Contact Author)

IESE Business School, University of Navarra ( email )

Camino del Cerro del Aguila, 3
Pamplona, Navarra 31080
Spain
(34-3) 204.40.00 (Phone)
(34-3) 280.11.77 (Fax)

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