Bank mergers : lessons for the future / Steven I. Davis.

Format:

Book

Author/Creator:

Davis, Steven I.

Language:

English

Subjects (All):

Bank mergers--Case studies.

Bank mergers.

Genre:

Case studies.

Physical Description:

x, 191 pages : illustrations ; 23 cm

Place of Publication:

New York, N.Y. : St. Martin's Press, 2000.

Summary:

Despite the wall of evidence that bank mergers add little or no value, investors and management continue to fuel the consolidation wave. This book draws on the actual experience of senior executives in over 30 banks with extensive merger experience to demonstrate how most mergers do in fact fail to meet objectives. It explores in detail the issues of strategic positioning, cost, and revenue synergies due to diligence, IT selection and conversion, people selection, cultural conflict, leadership, and the decision-making time frame. It concludes that experienced and determined leadership, significant net cost savings, swift decision-making and the cost of IT integration are key variables for success. It also suggests that the prospect of more cross-border merger and modest short-term cost savings argues for a new pact between investors and bank management.

Notes:

Includes bibliographical references (pages 179-180) and index.

ISBN:

0312235526

OCLC:

44128224