timco42

Why Investment Banking Mergers Are Doomed To Fail

Excellent points. As a retail mutual fund shareholder for 20 years, I have experienced the failures of big-fish-swallowing-li... amalgamation, after which the original successful managers leave, the brand value is debauched out of existence, etc. With rare exceptions, the name of the game seems to be asset-gathering, as banks integrate investment managers willy-nilly, and somehow the promised economies of scale never materialize for the lowest on the rung of priorities, the small investors who buy into this process!