Banking and Antitrust: Limiting Industrial Ownership by Banks?
Year: 2016
Type: preprint
Abstract: Shareholdings by banks in business enterprises has repeatedly been criticized by the German Monopolkommission which, consistent with that criticism, has proposed that such shareholdings should be severely limited (Monopolkommission [1978, 337]). This proposal was greeted with some applause among the general public, for whom banks are deemed to possess excessive power. In fact, banks in Germany combine various functions, viz., commercial and investment banking which in the U.S. are separated by law. Representatives of the banking industry have not denied that banks have some power but they do emphatically deny that such power is exercised abusively. The public discussion is somewhat confused, since it is not clear what is
Source: SSRN Electronic Journal
Authors: Doris Neuberger, Manfred J. M. Neumann
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2280461194