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Thrift Competition And Its Impact On Financial Institution Mergers And Acquisitions In The Richmond, Virginia Rma, Kenneth W. Vance
Thrift Competition And Its Impact On Financial Institution Mergers And Acquisitions In The Richmond, Virginia Rma, Kenneth W. Vance
Master's Theses
Commercial banking has been subject to antitrust review for only a few decades. In 1948, the Transamerica Corporation was charged by the Board of Governors of the Federal Reserve System with a violation of Section 7 of the Clayton Act when it acquired controlling interest in several independent banks in California (1). At the time of the acquisitions, the banks in question were in direct competition with one or more oof the banks already controlled by Transamerica Corporation. Moreover, Transamerica Corporation held a major interest in Bank of America. This unique case ignited a fear of probable banking concentration …
An Assessment Of The Impact Of Thrifts On Commercial Bank Competition In The Richmond, Virginia, R.M.A., J. Patrick Raines, Kenneth W. Vance
An Assessment Of The Impact Of Thrifts On Commercial Bank Competition In The Richmond, Virginia, R.M.A., J. Patrick Raines, Kenneth W. Vance
Robins School of Business White Paper Series, 1980-2022
“Yes Virginia, there is trouble in the Savings and Loan Industry.” Depending upon who one believes, the cost of restructuring and creating a vital thrift industry will be between $50 billion and $100 billion. Nevertheless, political concerns virtually guarantee that the industry which has helped make the American dream a reality will be nurtured (force fed if necessary) back to good health. As the savings and loan industry is rehabilitated, bankers can be expected to increasingly assert that thrift institutions represent a major factor in their markets. Both Federal and State bank regulators will be called upon to place more …