Economics of Money, Banking and Financial Markets, The, Business School Edition (5th Edition) (What's New in Economics)
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Chapter 11, Problem 4LO
To determine

The factors that led to consolidation in the commercial banking industry.

Concept Introduction:

Bank consolidation in the United States began with the merger of Bank of America and the NationsBank in the year 1998. This led to a large increase in the number of large bank mergers. Bank consolidation is the process where one bank or banking company acquires or merges with another. This convergence is known as bank consolidation. It was a key feature of the structural changes in the commercial banking industry.

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