MGSC05H3 Lecture Notes - Lecture 1: The Dominion Bank, Canadian Imperial Bank Of Commerce, Scotiabank
Document Summary
In 1998, then finance minister paul martin rejected proposals for two separate. At the time, the reasons for martin"s decision seemed straightforward. Ottawa"s official policy on bank mergers has been in limbo. Furthermore, the finance minister concluded that the mergers would not be in the. The capacity to deal with the government is something that is sought by. It also, makes it more difficult for other global players from entering the canadian. From a public policy point of view, many people believed it to be good with. The internationalization of banking and economy made it difficult for the 5 big. Four of the five banks tried to make mergers amongst themselves. They had to get approval from the government to move forward. Example because they believed that the big players of the economy would make it certain that would make it pass. merging. Thought it would be reviewed in a business view. Task force to design a new financial sector.
