G10 Report Voices Financial Stability Fears Over Mergers Between Banks And Brokerages
NEWS
LONDON -- Mergers between banks and brokerages could increase systemic risk and operational inefficiency, according to a report released by a Group of Ten working party on January 25.
"The working party found that while consolidation has the potential to improve operating efficiency in merged institutions and has done so in some cases, the overall evidence in favour of efficiency gains is weak," said a release from the working party, which consists of central bank representatives from the top
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