Divestiture as an Antitrust Remedy in Bank Mergers

Disgorgement as an Antitrust Remedy

My topic is an antitrust remedy that is legally available, enormously powerful, but seldom used—disgorgement. I want to ask what explains the rare usage of this remedy in antitrust cases and whether the reasons for its historic backstage status continue to apply today to dominant firm misconduct. More provocatively, given the growing obstacles to private and class action damage suits and the fr...

Antitrust Implications in Nonprofit Hospital Mergers;Note

When Mergers Become A Private Matter: An Updated Antitrust Primer

COMPANIES PURSUING MERGERS and acquisitions that raise potential antitrust issues typically obtain counsel on the likelihood of government investigations and enforcement actions. When it comes to assessing such risks, even businesses that only infrequently engage in M&A activity generally know the right questions to ask. In most instances, therefore, these issues are given appropriate advance c...

Analysis of Bank Mergers

The Federal Reserve Bank of Dallas currently has no way to tell what characteristics of a bank make it conducive to forming a successful merger. Further, they are unable to predict what types of mergers will be successful. It has been our goal to develop a model that will determine which types of mergers will be most successful, and what characteristics of a bank promote that success. The appro...

Bank mergers, competition and liquidity

We provide a model of the impact of bank mergers on loan competition, individual reserve management and aggregate liquidity risk. Banks hold reserves against liquidity shocks, refinance in the interbank market and compete in a differentiated loan market. A merger creates an internal money market that induces financial cost advantages and may increase reserve holdings. We assess the liquidity ri...