No TL;DR found
In recent years the world has gone through a wave of banking merger acquisition(MA)that has never be seen before.It shows a significant effect of MAs on financial development.With the increased severe international financial competition,many international banking institutions undertake mergers and acquisitions constantly to improve their competitive advantages and strive for a stand in the process of integration in the globalized financial market.The wave of MA,which is sweeping all over the world,will bring significant changes to the global banking industry.