Mergers And Acquisitions In The European Banking Sector
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Mergers And Acquisitions In The European Banking Sector
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Author : Daniel Wülbern
language : en
Publisher: GRIN Verlag
Release Date : 2005-05-14
Mergers And Acquisitions In The European Banking Sector written by Daniel Wülbern and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-05-14 with Business & Economics categories.
Master's Thesis from the year 2005 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1, ESCP Europe (Department Finance), language: English, abstract: The banking sector in Europe is bound to change its shape soon. In many countries the banking sector is still highly fragmented, especially in Germany and Italy. EU Banks need to grow in size if they want to be able to compete globally with financial titans such as Citigroup. This study aims at analysing the key drivers and success factors for external growth via Mergers and Acquisitions (M&A) in the European banking sector. After explaining the theoretical background of Mergers and Acquisitions (Chapter 2), the study examines the current condition of the EU banking sector followed by a more detailed view on the main markets and players (Germany, UK, France, Spain, Italy) focussing on their potential role in a future consolidation process (Chapter 3). It seems that important obstacles for consolidation have been removed and banks may indeed engage in domestic and even cross border M&A. A detailed comparison of Europe’s largest banks will complement this section. By analysing paid premiums in the five key European economies, we will draw conclusions on the influence of market structure on the potential for consolidation. In Chapter 4, the Banco Sabadell - Banco Atlantico case is analysed and discussed as an example of a domestic bank merger. Emphasis is put on the logic behind the operation, performance measurement and its strategic impact. The question, if value has been created for shareholders as well as other stakeholders, will be addressed. This recent case (2004) only allows for a preliminary analysis of the success of the transaction, particularly in terms of achieved synergies versus expected synergies. The case evidences typical sources for higher synergies in domestic M&A but reveals also important sources of synergies that would apply in cross border operations. In the final conclusion (Chapter 5), the market analysis is put into perspective to recent developments and briefly compares it with the US Banking market. Key observations from the case study are summarized and finally this section aims at developing different scenarios for a future consolidation within the European banking sector.
Mergers And Acquisitions In European Banking
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Author : F. Fiordelisi
language : en
Publisher: Springer
Release Date : 2009-11-04
Mergers And Acquisitions In European Banking written by F. Fiordelisi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-04 with Business & Economics categories.
Provides a detailed analytical assessment of the merger and acquisition phenomenon in banking. It advances the prior literature focusing on some specific aspects that have been investigated by only limited previous analysis by assessing the effect produced by M&A transactions on bank efficiency and shareholder value.
A Century Of Banking Consolidation In Europe
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Author : Manfred Pohl
language : en
Publisher: Routledge
Release Date : 2017-03-02
A Century Of Banking Consolidation In Europe written by Manfred Pohl and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-02 with History categories.
From the late nineteenth century to the late twentieth century the European banking sector experienced countless mergers and acquisitions. The outcome of this century of consolidation is strikingly similar across the continent, with the banking sector of each country now dominated by a handful of giant banking corporations. Consolidation and concentration trends in banking was the theme of the Academic Archive Colloquium of the European Association for Banking History held in Madrid in June 1997. This volume is comprised of the 18 papers and responses presented at the Colloquium by a truly international group of delegates. Some of the themes explored in the book include: the significance of mergers for bank archives; the regulation of mergers and their impact on banking legislation; reactions to consolidation from within and without the banking industry; case studies of particular mergers and their impact on the wider banking community. Youssef Cassis's introductory chapter provides a general survey of trends in the consolidation process and suggests that the advent of the Euro may herald a new era in the history of European banking consolidation.
Banking Consolidation In The Eu
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Author : Rym Ayadi
language : en
Publisher: CEPS
Release Date : 2004
Banking Consolidation In The Eu written by Rym Ayadi and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank mergers categories.
Mergers And Acquisitions Involving The Eu Banking Industry
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Author :
language : en
Publisher:
Release Date : 2000
Mergers And Acquisitions Involving The Eu Banking Industry written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Bank mergers categories.
Mergers And Acquisitions M As In The Banking Sector
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Author : Matthias Schubert
language : en
Publisher: GRIN Verlag
Release Date : 2002-04-22
Mergers And Acquisitions M As In The Banking Sector written by Matthias Schubert and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04-22 with Business & Economics categories.
Seminar paper from the year 2002 in the subject Business economics - Investment and Finance, grade: 1,0 (A), Berlin School of Economics, course: International Corporate Finance, language: English, abstract: The last decade of the 20th century was a decade of enormous changes in the banking sector worldwide. If one compares the largest banks of the world in 1995 with those at the end of 2000 it is obvious to see that many changes have happened in recent years: In 1995 all top five banks were from Japan (total assets in million USD in brackets): Dai-Ichi Kangyo Bank (626,171), Sumitomo Bank (617,053), Sakura Bank (607,245), Sanwa Bank (600,111) and Fuji Bank (587,154. At the end of 2000 the top five banks ranked by total assets were: Sumitomo Mitsui Banking Corp., Japan (958,189), CitiGroup, USA (902,210), Deutsche Bank Group, Germany (882,577), HSBC Holdings, U.K. (673,814) and Bayerische HypoVereinsbank, Germany (672,720). These newly-formed banking groups arose from mergers and acquisitions (M&As) and therefore they are good examples for all the M&As that have taken place in the banking sector worldwide in recent years. In this scientific paper the M&A activity in the banking sector is being analysed on a global basis and, where appropriate, with a special focus on European activities. To do so, the following procedure has been chosen: After the presentation of typical patterns of consolidation the main causes of consolidation and risks arising from M&As will be examined. Afterwards the economical results of the M&A process will be analysed to give a conclusion and an estimation on future activities
Assessing The Performance Of Banking M As In Europe
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Author : Rym Ayadi
language : en
Publisher:
Release Date : 2007
Assessing The Performance Of Banking M As In Europe written by Rym Ayadi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Bank mergers categories.
The European banking sector consolidated at a rapid pace throughout the 1990s. It was pushed along by several concurrent factors: the deregulation of banking activities, the further integration of the European financial market, financial globalization, technological and financial innovations, the imperative of value creation, and the introduction of the euro. Far from slowing down, this consolidation process is expected to accelerate over the coming years. This book examines the performance of mergers and acquisitions (M&As) in the banking industry in Europe and introduces a new conceptual approach for assessing the phenomenon. The results show that the economic and financial performance of a banking M&A depends on its underlying strategy. This strategy is based on two factors: a bank's initial activities and its geographical reach. The book demonstrates that achieving the optimal combination of these two factors is critical to the success or failure of an M&A.
Bank Mergers
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Author : Jayshree Bose
language : en
Publisher:
Release Date : 2006
Bank Mergers written by Jayshree Bose and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank mergers categories.
This book attempts to exercise a rare restraint in two very crucial and controversial areas of global bank mergers by blindly extolling the virtues of mega bank mergers and the ceaseless flow of economies of scale it supposedly brings; and to resist the t
Empirical Evidence On Cross Border M A In The European Banking Sector
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Author : Johannes Weigl
language : en
Publisher: GRIN Verlag
Release Date : 2012-08-16
Empirical Evidence On Cross Border M A In The European Banking Sector written by Johannes Weigl and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-16 with Business & Economics categories.
Master's Thesis from the year 2008 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 8,5, Maastricht University, language: English, abstract: Mergers and Acquisitions (abbreviated M&A) within the European financial market have altered the European banking sector drastically in the past couple of decades. Walkner & Raes (2005) claim that cross-border M&As have not been a major feature of the EU banking sector, implying that domestic bank mergers dominated the merger process for a long time. From 1995 to 2006, the number of credit institutions decreased on average my approximately 7% in the eurozone, which was mainly driven by domestic merges. However, since the mid of the 1990s cross-border M&As gained momentum and play a significant role in the European banking consolidation process. Nevertheless, “cross-border M&A has never come close to exceeding domestic mergers and acquisitions” (Kleimeier et al., 2007). Despite the high level of M&A activity in Europe, relatively little research has been conducted dealing with cross-border M&As. Most of prior research applies event study methodology in order to analyze announcement effects of European bank M&As. Further, these studies focus on the question whether bank M&As in Europe have created or destroyed shareholder value. Others try to provide an in depth analysis of the factors that affect and may explain the value creation process. Altunbas et al. (2007) or Beitel et al. (2003) try to explain the M&A success in European bank mergers. However, the results often lack explanatory power. Therefore, this thesis looks at the success of cross-border M&A from a different perspective. The paper aims at understanding whether or not culture plays an important role in the success of M&As. Consequently, the study tries to identify cultural characteristics of bidder and targets, which have explanatory power for bidder returns and the combined effect of both bidder and target. The thesis has several unique features. First, the study conducts an extensive short-term and long-term analysis on cross-border M&As. Second, the results of the event studies are tested by employing accounting studies as well. Third, the thesis provides a real life example of the merger between UniCredit and HypoVereinsbank. This thesis is the first one, which extensively analyzes the following research question: Are cross-border M&As of cultural similar countries more successful?
Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets
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Author : Fotios Pasiouras
language : en
Publisher: World Scientific
Release Date : 2005
Application Of Quantitative Techniques For The Prediction Of Bank Acquisition Targets written by Fotios Pasiouras and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
In recent years, the banking industry has faced significant challenges due to deregulation, globalization, financial innovation, and intensified global competition. In response to these challenges, banks have adopted strategies to grow and expand their activities, with mergers and acquisitions (M & As) being one of the most popular over the last decade. This unique book thus discusses the use of quantitative classification methods for the prediction of bank acquisitions. With an overview of the M & A trends in the EU banking industry and a survey of the motives for M & As, the authors compare various statistical and computational methodologies used to analyze and predict bank acquisitions. The material constitutes a useful basis for researchers and practitioners in banking management to develop and analyze investment decisions related to M & As.