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Bank Acquisitiveness and Bailouts: Evidence on European Banks during the 2008 Financial Crisis

Abstract : Bank bailouts perhaps share the list of the most widely discussed topics during the debate over the 2008 financial crisis. Banks that were termed strong were trapped in the financial distress in a very short time span and subscribed to the hefty bailouts to come out of this turmoil. It is argued that banks pursue mergers and acquisitions (M&A afterward) strategies to increase their size, which potentially increases their “too-big-to-fail” (TBTF henceforth), associated benefits. Prior to the recent financial crisis, M&A activity facilitated the emergence of few large and structurally complex banking institutions (Weiß et al., 2014) while spearheading a significant phase of consolidation in the banking industry (De Young et al., 2009). This paper investigates whether and how the acquisitiveness of large European banks in the period before crisis relate with their bailout support during the 2008 financial crisis.
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https://halshs.archives-ouvertes.fr/halshs-01717978
Contributor : Naïla Louise-Rose <>
Submitted on : Tuesday, February 27, 2018 - 7:52:42 AM
Last modification on : Thursday, January 14, 2021 - 1:21:16 PM

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  • HAL Id : halshs-01717978, version 1

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Saqib Aziz, Jean-Jacques Lilti, Khalid Elbadraoui. Bank Acquisitiveness and Bailouts: Evidence on European Banks during the 2008 Financial Crisis. Bankers Markets & Investors : an academic & professional review, Groupe Banque, 2017, 149, pp.40-61. ⟨halshs-01717978⟩

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