During recent decades banking markets have changed considerably. Nevertheless, banking antitrust analysis continues to follow the same basic philosophy laid down 40 years ago by the Supreme Court. Does the change in banking markets imply the need to alter antitrust analysis in banking? This...

Public merger announcements often state which type of merger accounting, pooling or purchase, has been employed. The choice can strongly influence accounting results. For example, reported earnings are often higher under pooling than purchase accounting. Yet empirical analysis indicates that the...