Bank Mergers: Experiences and Lessons: Experiences and Lessons

Author: Stephen I. Davis
Publisher:
Publish Date: 2003-12-01
Features: The way of thinking, business philosophy, and corporate culture reflected in this book about Western banking management have reference significance for improving the operational level of practitioners, managers, and business administrators in the Chinese banking industry. Whether it's the survival of the fittest or a merger of the strong, the complex banking organization system inevitably undergoes a baptism in the huge shock of mergers and acquisitions. What is left behind, what is eliminated? It is believed that the experience left behind after such a major shock is invaluable. This book collects the practical experience of senior executives from more than 30 banks and provides a detailed analysis of issues such as the strategic positioning, cost and benefits, IT strategy, personnel arrangements, cultural conflicts, leadership capabilities, and decision-making timeframes in bank mergers. It concludes that experience, leadership capabilities, significant cost savings, rapid decision-making, and the integration of rest technologies are key factors in determining the success or failure of bank mergers. At the same time, the author points out that investors and bank managers should develop new strategies for mergers and acquisitions in response to the cross-border merger trend in the banking industry and the lack of significant short-term cost savings effects. The way of thinking, business philosophy, and corporate culture reflected in this book about Western banking management have reference significance for improving the operational level of practitioners, managers, and business administrators in the Chinese banking industry.