Global Banking News-July 23, 2015--Philippine central bank encouraging more rural bank mergers
Beijing, Oct 15 (ANI): Taiwan's former leader Chen Shui-bian has been given an 18-year prison term for taking bribes in bank mergers
Summary: Ownership restrictions and valuation issues are holding up bank mergers
in the GCC, even as consolidation is seen as advantageous.
The authors argue that bank mergers
should be carefully regulated to prevent economic deterioration of the affected neighborhoods.
, business deals and integration proceed apace, and the macroeconomic data suggests that the marriage of the two countries--despite continuing rows over drugs, immigration and cultural slights to spare--is binding and beneficial.
The DOJ has stated that the higher than normal HHI thresholds for screening bank mergers
and acquisitions for anticompetitive effects implicitly recognize the competitive effects of limited-purpose and other nondepository financial entities.
In fact, bank mergers
resulted in several large office sales in the market during the third quarter of 2004, a trend that is continuing into 2005.
15 /PRNewswire/ -- ICBA warned today that large bank mergers
such as the recently announced JPMorgan/Bank One and BofA/Fleet mergers are radically changing the industry and are challenging the ability of the regulatory system to effectively regulate banks.
html, there is a consultation paper, Response of the Government to Commons and Senate Committee Report on Bank Mergers
and the Public Interest, plus instructions on how to respond.
However, in order to see "merger mania" the way we did in the '90s when the economy was red-hot, the stock market would have to pick up, as most bank mergers
are stock swap transactions where the acquirer uses its stock as currency to purchase the acquisition target.
The insurer last year was thwarted in its efforts to gain bank distribution by positioning itself in two bank mergers
that ultimately failed.
Lai, speaking after a meeting of finance and economic officials, said the Finance Ministry will make concrete proposals for bank mergers
''as quickly as possible'' after the bank merger
law has been adopted by the legislature.