书名:Bank Mergers: Lessons for the Future
译名:银行并购:经验与教训
作者:Steven I. Davis 史蒂芬·戴维斯
出版社:Palgrave Macmillan (Feburary 3, 2001)
ISBN-10:0-312-23552-6
语言:英语
简介
Book Description
Despite the wall of evidence that bank mergers add little or no value, investors and management continue to fuel the consolidation wave. This book draws on the actual experience of senior executives in over 30 banks with extensive merger experience to demonstrate how most mergers do in fact fail to meet objectives. It explores in detail the issues of strategic positioning, cost, and revenue synergies due to diligence, IT selection and conversion, people selection, cultural conflict, leadership, and the decision-making time frame. It concludes that experienced and determined leadership, significant net cost savings, swift decision-making and the cost of IT integration are key variables for success. It also suggests that the prospect of more cross-border merger and modest short-term cost savings argues for a new pact between investors and bank management.
目录
Contents
List of Figures and Tables viii
Preface ix
1 The Bank Merger Paradox 1
2 Strategic Positioning: The Passion for Scale and Scope 10
3 Cost and Revenue Synergies: The Basis for Increasing
Stockholder Value 20
4 Planning the Merger: The First Hundred Days 36
5 The Due Diligence Process: Safety Net or Nuisance? 51
6 Leadership: The Essential Ingredient 56
7 Selecting and Motivating People 65
8 Cultural Conflict: The Battle for Hearts and Minds 73
9 IT Decisions: Everybody's Problem! 82
10 The Bank Merger Score Card 93
11 Case Studies: Specific Lessons for the Future 101
12 How Banks See the Future 113
13 Our Own View: Some Guidelines for the Future 121
Appendix 143
Notes and References 177
Bibliography 179
Index 181
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