Consumers advocates expressed concern on merger possibility
Consumer's advocates expressed concern over such merger possibilities. Elucidate this statement.
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Reason because the customer advocates have shown the concern over probable mergers has been due to lot of people feel that the corporations might raise a huge amount of capital for absorbing the small ones & might combine as well as collude among the other firms for inhibiting the competition.
Through doing those things this may cause customers towards paying the high prices & being without some choices for similar product. The threat of a monopoly power mat came into existence if the company gains a lot of control of market for some commodity & service. Leaving customer with lesser choices may cause a lot of unhappy consumers as well as they tend towards staying away from new entrants.
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What is in store for banking consolidation? Merger activity is a natural procedure by which companies make themselves more efficient and better capable to compete for customers. The banking industry is no exception
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