Continental Bank Mergers free essay sample

Financial ups downs of 1980s-1990s, culminating in acquisition by BankAmerica. Income, strategy, operations, industry mergers and regulation. Includes charts. Introduction The 1980s saw vast changes in the banking community as banks and savings and loans, challenged by deregulation, expanded their markets and business services. Driven by the need to build their investment base in order to finance these new activities, some thrifts began investing in junk bonds (popularized by Michael Milken), which contributed to the meltdown in the industry in the late 1980s. Continental Illinois, which would later become Continental Bank, got caught up instead in a loss of more than $1 billion in a deal that fell through; in 1984, the Federal Deposit Insurance Corporation (FDIC) stepped in and provided the bailout the bank needed to survive. The late 1980s and early 1990s were a roller coaster ride for the bank, which was hailed as engineering a dramatic turnaround, then secondguessed when the turnaround did not perform. We will write a custom essay sample on Continental Bank Mergers or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page .