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The Corporate Structure of Financial Conglomerates

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International Competitiveness in Financial Services

Abstract

This article considers the public policy issues regarding the appropriate corporate structure of a firm that provides basic banking services along with other financial services. We refer to such firms as financial conglomerates—a category that includes universal banks, multiproduct bank holding companies, and other diversified financial firms that perform basic banking functions. We address the question of how the regulation of the basic banking business in the United States should be organized in a world economy in which American banks must compete with financial conglomerates.

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Author information

Authors and Affiliations

  1. The Wharton School, University of Pennsylvania, Philadelphia, PA, 19104, USA

    Richard J. Herring (Professor of Finance, Director of the International Banking Center) & Anthony M. Santomero (Richard K. Mellon Professor of Finance)

Authors
  1. Richard J. Herring
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  2. Anthony M. Santomero
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Editor information

Marvin H. Kosters Allan H. Meltzer

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© 1990 Springer Science+Business Media New York

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Herring, R.J., Santomero, A.M. (1990). The Corporate Structure of Financial Conglomerates. In: Kosters, M.H., Meltzer, A.H. (eds) International Competitiveness in Financial Services. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-3876-5_17

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  • DOI: https://doi.org/10.1007/978-94-011-3876-5_17

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-010-5725-7

  • Online ISBN: 978-94-011-3876-5

  • eBook Packages: Springer Book Archive

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