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In trendy globalized economic system, banking is of excessive overseas significance. This booklet brings jointly topical concerns in banking resembling reform in China, digital cash and mortgage pricing, and highlights key coverage and examine within the field.

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Indeed, as the wave of mergers spreads, banking institutions that have remained outside the process are likely to become themselves a potential target in a hostile takeover transaction. To protect themselves from possible predators, managers can pursue an active acquisition policy in order to maintain or preserve their position. Numerous M&As carried out recently in fact seem to have been dictated by the desire to modify the existing equilibrium and to be proactive to others’ actions. Sometimes disguised as a hypothetical value creation move, a number of these operations are simply the reflection of the single market impetus, where mergers have simply become the objective rather than the result of careful strategic thinking.

Productivity has also deteriorated after the transaction. 36 Frontiers of Banks in a Global Economy When M&A’s aim at diversifying activities in the same local area, our results show that the acquirers have slightly improved ROA’s, while no improvement is registered for the targets. This finding confirms the results of the profit efficiency indicators for this type of transactions. 86 Productivity of assets has also deteriorated for this type of transactions. When M&A transactions aim at diversifying activities and geographies domestically, acquirers and targets have both improved their profitability.

79 Indeed, prior to the transaction, acquirers displayed higher scores than the targets. After the transaction, score improvement was more pronounced for the targets. This finding implies that European banks have exploited the opportunities to improve their profit efficiency either through anti-competitive pricing and/or pricing change and/or scale and scope economies and/or the advantages of a multispecialized banking model. The average profit efficiency score change confirms the same trend for M&A transactions focusing activities and geographies.

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