A World-wide Research on Bank Mergers and Acquisition

Abstract

With the globalization of the financial system, the banking sector has been deeply affected and with the spread of cross-border bank mergers, it has become a major market in the world in terms of banking sector. Cross-border mergers in some countries have resulted in the acquisition of more than half of the country's banking sector by foreign banks. This situation has become the control of the banking sector by foreign banks. In this study, all bank acquisitions and mergers were examined with the data obtained from Thomson Reuters Datastream database, and it was observed that the banking sector made the sector more valuable all over the world by revealing banks with a larger scale than the gross national product of some countries. It has been observed that countries that incorporate or utilize these huge financial structures are more advantageous. It is concluded that open and generally developing economies have entered the race to attract these funds to their countries by making structural changes in the sector.