Here is the synopsis of our sample research paper on Financial Colsolidation at Fleet Financial and BankBoston. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
A 9 page paper discussing the merger of New England's largest banking institutions and including a brief discussion of the trend of consolidation within the financial industry. Banking industry analysts watch the melding of the two dissimilar companies with interest and warnings of increased operations risk, but with optimism for the new organization's ultimate success. Individual investors and banking customers, however, are far less charitable and the Federal Reserve is watching the evolution with an eye toward ensuring that adequate competition exists in New England when the two entities combine to form the nation's eighth-largest bank. Fleet Financial will need to ensure that investors and customers are contented enough so that it maintains earnings; otherwise, the new organization could itself become the takeover target of a still-larger bank. Bibliography lists 12 sources.
Page Count:
9 pages (~225 words per page)
File: CC6_KSfleet.doc
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Unformatted sample text from the term paper:
institution of the past as the larger have been assimilating the smaller for some time. Now that those smaller ones are gone, the consolidation trend has continued to include
the giants: "The largest mergers in U.S. banking history took place or were approved during the 1990s--including Chase-Chemical, Wells Fargo-First Interstate, NationsBank-Barnett, and First Union-CoreStates. And while these mergers set
size precedents, the recently proposed mergers of Citicorp and Travelers, and NationsBank and BankAmerica, if consummated, would set a new standard for sheer size in U.S. banking organizations" (Meyer, 1998;
p. 438). Consolidation Effects on the Financial Services Industry The simple fact that such consolidation
is ongoing demonstrates that the trend presents opportunity for these financial institutions; less obvious is that it also presents increased risks. Positive aspects include the advent of nationwide banking,
which in itself would lead to more diversified loan portfolios and reduced risk of bank failure (Mishkin, 1999). "On the other hand, consolidation erodes the Glass-Steagall restrictions that
prevent banks from getting involved in investment banking and other activities" (Mishkin, 1999; p. 675). Consolidation also points to the growing need for
reform of banking regulations (Meyer, 1998; Mishkin, 1999). The Federal Reserve Board is presented with its own difficulties in overseeing merged institutions, but broadening financial and geographical bases also
weakens regional political control (Mishkin, 1999). In their 1999 risk management conference, the American Bankers Association discussed the changing view of the industry
held by banks insurers, with the issue of clash of corporate culture being one of their primary concerns (Zolkos, 1999). Many of the mergers of the past have been
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