Evolving trend of consolidation in the banking industry : strategies of Mitsubishi UJF Financial Group
Name
85484428-MIT.pdf
Description
Full printable version
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7.63 MB
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Checksum (MD5)
f44c8aec2045b79ac34ea0f394a255f1
Author(s)
Kogure, Takeshi
Advisor(s)
Henry Birdseye Weil.
Date Issued
2006
Publisher
Massachusetts Institute of Technology
Abstract
Consolidation in the financial industry has progressed rapidly in many countries. In the United States, large financial corporations, such as Citigroup and JP Morgan Chase, formed complex financial groups and conglomerate structures composed of a commercial bank, a securities company, and an asset management company. In recent years, the Japanese financial system has become increasingly deregulated. And many of the barriers to competition have been reduced or removed. These regulatory reforms have encouraged Japanese banking institutions to undertake major consolidations that have resulted in larger and more integrated financial conglomerates. In addition, the advent of Internet technology has enabled new entrants, such as Internet service companies, to conduct financial business. In these new circumstances, Mitsubishi Tokyo Financial Group (MTFG), Japan's third largest banking group, decided to integrate with UFJ Holdings, Japan's fourth largest banking group. This integration created the world's largest financial conglomerate (based on asset size) named Mitsubishi UFJ Financial Group (MUFG).
(cont.) This thesis discusses trends of consolidation in the U.S., European, and Japanese banking industries. It will analyze the strategic transformation of several financial conglomerates, including Citigroup, J.P. Morgan Chase, and Deutsche Bank. A second objective is to identify the financial and strategic positions of MUFG as they compare with the U.S., Europe, and other Japanese financial conglomerates.
Description
Thesis (S.M.)--Massachusetts Institute of Technology, Sloan School of Management, 2006.
Includes bibliographical references (p. 124-125).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
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