This chapter reviews the literature associated with the recent wave of bank mergers and acquisitions in Europe and analyses the evidence with regard to shareholder wealth creation and efficiency. The review provides an understanding of the main motives associated with bank mergers and acquisitions, addresses the main issues driving shareholder wealth creation, discusses the key developments and barriers associated with banking sector consolidation, and highlights the importance of cross-border consolidation in Europe. The literature is reviewed in conjunction with developments in US banking sector consolidation to provide a comparative account of what has occurred over the past twenty years or so.
|Title of host publication||Financial Services: Efficiency and Risk Management|
|Editors||Meryem Duygun Fethi, Chrysovalantis Gaganis, Fotios Pasiouras, Constantin Zopounidis|
|Place of Publication||Hauppauge, NY|
|Publication status||Published - 2012|
Urio, H. N., & Tanna, S. (2012). Consolidation and performance in the EU banking industry. In M. D. Fethi, C. Gaganis, F. Pasiouras, & C. Zopounidis (Eds.), Financial Services: Efficiency and Risk Management (pp. 1-40). Hauppauge, NY: Nova.