Wettbewerbspolitik àla UBS

Damien Neven and Thomas von Ungern-Sternberg

Cahiers de Recherches Economiques du Département d'économie from Université de Lausanne, Faculté des HEC, Département d’économie

Abstract: In a previous paper we have shown that the UBS-SBC merger would lead to an excessive concentration in the credit market for small and medium companies. The UBS has reacted to this paper in a series of letters to the Swiss competition authorities. We critically examine the content of these replies with special reference to the policies applied in the US and Germany with respect to banking mergers. We find that the planned merger would have no chance of obtaining a clearing in either of these countries, unless strong remedies such as the selling of one of the two retail networks on the domestic market.

Keywords: UBS-SBC merger; concentration; barriers to entry; local markets (search for similar items in EconPapers)
JEL-codes: L40 L41 L44 (search for similar items in EconPapers)
Pages: 24 pages
Date: 1998-04
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Persistent link: https://EconPapers.repec.org/RePEc:lau:crdeep:9807

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