Nothing but negotiation

 
The Gap Partnership

ICBA wants moratorium on mergers and acquisitions

Deals involving banks over $100 billion should not be allowed, the ICBA has stated.

21 September 2011

The Independent Community Bankers of America (ICBA) has requested a moratorium on mergers and acquisitions over $100 billion (£64 billion) in the US involving financial institutions.

Chris Cole, senior vice-president and senior regulatory counsel of the body, stated that concerns still exist about the concentration of banks assets and the effect this could have on competition.

He was speaking to the Federal Reserve during a hearing on the potential takeover of ING Direct USA by Capital One Financial.

Mr Cole remarked his biggest concern is the possibility of "systematic risk" should the business negotiations be allowed to continue.

The Dodd-Frank Wall Street Reform and Consumer Protection Act was brought in last year to stop the culture of "too-big-too-fail", he added, but there is still no regulatory apparatus in place as a result of this move.

Some 280,000 Americans are employed by the ICBA, which has nearly 5,000 members and operates in 23,000 locations throughout the US.

Posted by David Gleck

Source: Independent Community Bankers of America press release, September 20th
 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more