• F.M. Scherer


Financial Mergers and Their Consequences. F.M. Scherer, June 2013, Paper. "This paper analyzes the massive merger wave that has led to substantially increased concentration of banking activity in the United States. One consequence is the rise of banks “too big to fail”. The structural changes have also been associated with a striking change in financial institutions’ share of all U.S. corporate profits along with employee compensation out of line with norms for individuals of comparable ability. Data on concentration in well-defined banking markets are quite scarce..." Link verified October 14, 2014