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The Merger Of Banks
Beginning of paper
A mental picture that is simple to formulate is the look on the
neighborhood mortgage banker's face if a would-be customer walked in
without warning and without proof of having any financial worth himself,
and proceeded to announce that he had found a property without any great
distinction, that may be somewhat structurally weak, possessed only
qu ....
Middle of paper
....reported that between July and
September, 1997, $23.2 billion was committed by banks and thrift companies
for the purpose of acquiring some of their competitors. During the spring
quarter, the bank acquisition budget was limited to $7.8 billion (Elstein,
1997). While banking certainly is not the only industry indulging in the
mad merger race, it .... |
| Word count: 1432 |
Page count: 6 |
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