Which of the following has been an important trend regarding consolidation and geographic expansion in banks?
A)Increased bank branching activity
B)The formation of more holding companies to purchase smaller banks
C)Mergers among some of the largest banks in the industry
D)Significant rise in the average size of individual banks
E)All of the options are correct

Question

Quizplus · Accepted Answer

All of the options listed have been important trends regarding consolidation and geographic expansion in banks. Increased bank branching activity has allowed banks to expand their reach and customer base, while the formation of holding companies has allowed for the purchase of smaller banks. Mergers among the largest banks in the industry have helped to create even larger and more powerful institutions, and the rise in the average size of individual banks is a result of these consolidation efforts.

Which of the Following Has Been an Important Trend Regarding