Potential Bank Mergers Disapproval | Stock Discussion Forums

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Gold/Mining/Energy
Potential Bank Mergers Disapproval

An SI Board Since July 1998

Posts	SubjectMarks	Bans
4	0	0

Emcee: Ming	Type: Unmoderated

Introduction Compact

Such a move could send shock waves across bank share prices. Though recent polls showed that the majority of Canadians were indifferent to the mergers, provided that the quality of service that they're receiving does not change for the worse. Nonetheless, approving the measures will be an immensely unpopular move, and the banks' arrogance towards the issue will not sit well with the Liberals. Unlike the U.S., Canada has one of the world's most concentrated banking systems in the world. The thought of 3 banks controlling virtually all banking activity is scary to contemplate.
My feeling is that bank shareholders are in for a surprise...

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
4	Bigger necessarily better? Recent studies on U.S. banks seem to indicate	Ming	-	7/10/1998
3	Brokerage Houses are merging and can with time be bigger in assets than banks t	Famularo	-	7/9/1998
2	yes, but Canadian banks won't die easily. They're too big to beco	Ming	-	7/9/1998
1	If mergers don't get approved, I am selling my bank stocks for the sole rea	Famularo	-	7/9/1998

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