This article highlights the burgeoning significance of Islamic Banking system worldwide which has believed to reach a global investment of $ 1 trillion. Iran, Sudan and Pakistan have Islamic Banks exclusively, whereas, the eastern countries like Malaysia and western markets in United Kingdom,...

"We offer and test two competing hypotheses for the consolidation trend in banking using U.S. banking industry data over the period 1982-2000. Under the efficiency hypothesis, technological progress improved the performance of large, multimarket firms relative to small, single-market firms,...