Economic Upheaval and Its Impact on U.S. Banks - Considerations for Their Future Success or Failure?

Authors

Rita C. Jones PhD, Troy UniversityFollow
James L. Hauck, Columbus State University
Vicky Langston PhD, Columbus State UniversityFollow

Abstract

The purpose of this paper is to discuss whether or not U.S. Banks will have to consolidate to survive and succeed in the 21st Century. In the past decade, the financial services industry has experienced one of three periods of great turmoil since the Great Depression. This upheaval has led to dramatic shifts in the competitive and regulatory environments in which financial service providers operate. The result of these changes is that many more small and mid-sized banks will find it necessary, or even attractive, to merge with competitors, either voluntarily or involuntarily, during the course of the next decade.

Recommended Citation

Jones, Rita C. PhD; Hauck, James L.; and Langston, Vicky PhD (2014) "Economic Upheaval and Its Impact on U.S. Banks - Considerations for Their Future Success or Failure?," Journal of Business, Industry, and Economics: Vol. 19, Article 4.
Available at: https://roar.una.edu/jobie/vol19/iss1/4