Focarelli, Dario; Panetta, Fabio; Salleo, Carmelo - Banca d'Italia - 1999
of mergers and acquisitions. We analyze the Italian market, which is similar to other main European countries. By … considering both acquisitions (i.e. the purchase of the majority of voting shares) and mergers we evidence the motives and results … of each type of deal. Mergers seek to improve income from services, but the increase is offset by higher staff costs …