Case Study Analysis: Merger of Westpac and Bank of Melbourne

1Executive Summary This report is a strategic evaluation of the union among the Westpac chamfering Corporation (Westpac) and the Bank of Melbourne (BML) that occurred 23 November 1998. The history of the Australian Banking industry is examined, with explanations on government activity gibes and regulation that characterised the industry before deregulation. The current environment of the fiscal industry is in addition covered, outlining the context in spite of appearance which the financial players operate. Key decisions and motivate factors of the Bank of Melbourne (BML) and the Westpac Banking Corporation are discussed and strategically evaluated. The authorisation and the union are evaluated, and the position that Westpac holds seven age after the optical fusion is examined. The Westpac Banking Corporation operates successfully today, and are reportage excellent financial growth, backed by industry awards for unified governance and complaisant responsibilit y. 2The Australian Banking application 2.1History The Australian Banking Industry has traditionally been characterised by tight government control and regulations. Following the federal government initiated Campbell Inquiry in 1982, the controlling government took significant be active to deregulate the banking industry. The aim was to dramatically restructure the industry and improver competition in the midst of financial intermediaries (Dow, D. 2000), and extend the products and service offered by banks.

Following deregulation, there was increased merger and acquisition activity, curiously between the four major banks who sought to poke out chop-chop and aggressively gai! n market share. Building societies and realization unions also proliferated and held a significant percentage of the industry share. 2.2Current surroundings The four pillars insurance policy is a government control designed to prevent the mergers between the four major banks in Australia; the National Bank, the ANZ Banking Group, the Commonwealth Bank and Westpac Banking Corporation. The policy stipulates that no mergers lead be permitted unless there is demonstration of increased competition. The Australian Banking Industry can... If you want to get a full essay, order it on our website: BestEssayCheap.com

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