M&A Path Analysis And Enlightenment Of The Development Of World’s Three Major Financial Groups

Since the1990s, as economic globalization, the development of financial integration,capital operation of the international financial sector more active, further highlights theintegration trend, Bank of America, JP Morgan Chase Bank and HSBC through the continuedimplementation of mergers and acquisitions by a single commercial banks graduallydeveloped into the world’s outstanding universal bank. Following the international trend toaccelerate the pace of opening up of the financial sector at the same time, China’s bankingindustry is also facing a more competitive environment. Learning from internationalexperience in the implementation of the M&A strategy, our banks can grow up and developfaster and more effective, and will enhance the international competitiveness. How the M&Apath largely determines the success or failure of mergers and acquisitions, is the key to theeffective implementation of the M&A strategy.Article combing Banking M&A research based on defined related to the concept ofbanking mergers and acquisitions, and an overview of the latest research progress at homeand abroad, describes the status of the development of China’s banking industry facesdilemma: poor asset quality, weak profitability high degree of internationalization, the retailbanking business since late step, uncompetitive; financial Group’s experience learn fromoutstanding foreign commercial banks successful transition out of the woods, through mergersand acquisitions to enhance the development of the bank competitiveness ideas. Next, selectlocation, direction of business development, mergers and acquisitions, M&A developmentpath of the world’s three major financial group Bank of America, JP Morgan Chase andHSBC Group in-depth comparison; selected three banks, M&A activity is the most activetime period (1990to2008) investigated the performance of its takeover further confirms thescientific nature of the M&A path. Finally, the paper discusses the state-owned commercialbanks, joint-stock commercial banks and city commercial banks in China’s commercialbanking system, how to select the M&A path to develop different M&A program, contributeto the comprehensive management of the commercial banks in China, and the overallinternational competition the force of the upgrade.