"Financial Industry Megamergers and Policy Challenges".

• Jurisdiction: United States
• Date: 01 February 2000

Hoenig, Thomas M.

Economic Review, Third Quarter 1999, pp. 7-13.

The financial industry has experienced a series of megamergers throughout the late 1980s and early 1990s. Since the early 1980s, the number of banks in the United States has fallen from 12,000 to 7,000 today. These bank mergers raise new questions, such as "are they in the public interest?" and "are traditional regulatory tools adequate in a new banking environment?" Thus far, these megamergers have not sparked large resistance...