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| Author: | Ibanez, D. M. Molyneux, P. |
| Title: | Financial Restructuring in European Banking and Foreign Expansion |
| Journal: | Latin American Business Review
2002 : VOL. 3:4, p. 19-58 |
| Index terms: | BANKS FOREIGN BANKS ANALYTICAL REVIEW MERGERS |
| Language: | eng |
| Abstract: | This paper examines the main structural and performance features of European banking. It demonstrates that while banking markets have become increasingly concentrated and bank numbers have fallen, competition appears to have intensified. Given the large number of banks and branches in many countries, there still remain indicators of possible excess capacity in the system and that the consolidation trend, especially with the advent of the EMU, will continue. The paper considers ways in which banks have diversified to add to their revenues, and also discusses market power and competition issues relating to increased market concentration. Finally, the authors briefly discuss the foreign expansion strategies of European banks, particularly the Spanish banks in South America. |
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