KEITH A. PISARCIK
In the early months of 2008, the United States financial industry went through a wave of consolidation unlike any before. Left and right, some of the largest banks and securities firms were facing imminent collapse. In order to prevent a systemic crash and enable the financial industry to stand back up on its feet, mergers and acquisi-tions were being approved between these giants of the banking world, seemingly, with no regard for any anticompetitive consequences.
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