Explaining the Rising Concentration of Banking Assets in the 1990s
6 Pages Posted: 12 May 2005
In recent years, the nation's largest bank holding companies have sharply increased their market share of assets. Have these institutions achieved their dominance by expanding their existing subsidiaries or by merging with other bank holding companies? A study of industry data for 1990-99 suggests that the increased market share of the largest companies is attributable almost entirely to external growth through mergers and acquisitions.
Keywords: bank consolidation
JEL Classification: G21
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