Financial Conglomeration: A New Challenge for Banking

Edward P. M. Gardener

Chapter 15 in The Future of Financial Systems and Services, 1990, pp 258-282 from Palgrave Macmillan

Abstract: Abstract The new financial conglomerates in London pose important challenges for the future of financial systems and services. The emphasis in this chapter will be on the broad industrial organisation and related strategic aspects of these challenges. A primary objective is to explore important strategic dimensions that are apparently neglected in the contemporary microeconomics of banking This examination raises a number of questions on the roles, theoretical and practical, of organisational design in competitive banking strategies. The line-up of financial conglomerates on Big Bang day in London illustrated not only their importance in the new, fast-developing industrial structure of banking, but also the extraordinary variety of the different kinds of groupings. The Stock Market crash of 1987 has tested severely the resilience of these new groupings.

Keywords: Capital Market; Financial Service; Organisational Design; Investment Banking; Financial Innovation (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10439-0_15

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DOI: 10.1007/978-1-349-10439-0_15

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