search query: @indexterm Banks / total: 1629
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| Author: | Martin, K. |
| Title: | European banks have no response to US mergers |
| Journal: | Euromoney
2004 : FEB, VOL. 35:417, p. 44-45 |
| Index terms: | Banks Europe Mergers USA |
| Language: | eng |
| Abstract: | Recent US mergers raise the question whether European banks should take similar action in order to fend off domination from US financial institutions. Regulation, historical rivalries, investor scepticism, language barriers and egos all stand in the way of large bank mergers in western Europe, where consolidation stalled at the end of the 1990s. Unless these obstacles can be overcome, leading European banks will be swallowed by US financial institutions just as soon as they have finished digesting their domestic acquisitions. |
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