Impact of Bank Mergers
1991-09-26T21:06:31-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMDlmXC8xOTkxMDkyNjIxMDkwNzAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==The committee heard testimony from banking industry representatives and members of consumer watchdog groups on the impact of the merger of large banking institutions on the banking industry and consumers. In 1991, following the lead of Chemical Bank and Manufacturers Hanover, several large banks announced plans to merge, creating fewer and larger financial institutions. Witnesses testified on the effect of the large mergers on smaller banks and banking consumers, including additional regulatory proposals to handle the larger banks.
The committee heard testimony from banking industry representatives and members of consumer watchdog groups on the impact of the merger of l… read more
The committee heard testimony from banking industry representatives and members of consumer watchdog groups on the impact of the merger of large banking institutions on the banking industry and consumers. In 1991, following the lead of Chemical Bank and Manufacturers Hanover, several large banks announced plans to merge, creating fewer and larger financial institutions. Witnesses testified on the effect of the large mergers on smaller banks and banking consumers, including additional regulatory proposals to handle the larger banks. close
People in this video
- John Brown Director Bank Watch
- William Ferguson President Ferguson and Co.
- Gilda Haas Representative Communities for Accountable Reinvestment
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- Segundo Mercado Llorens Representative United Food and Commercial Workers Intl.Union
- Thomas Schlesinger Director Southern Finance Project
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- Charles Stith President Organization for a New Equality
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