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Business LibreTexts

10: Innovation and Structure in Banking and Finance

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    Learning Objectives

    By the end of this chapter, students should be able to:

    • Explain why bankers and other financiers innovate.
    • Explain how widespread unit banking in the United States affected financial innovation.
    • Explain how the Great Inflation of the 1970s affected banks and banking.
    • Define loophole mining and lobbying and explain their importance.
    • Describe how technology changed the banking industry after World War II.
    • Define traditional banking and describe the causes of its demise.
    • Define industry consolidation and explain how it is measured.
    • Define financial conglomeration and explain its importance.
    • Define industry concentration and explain how it is measured.

    Thumbnail: Image by mohamed Hassan from Pixabay

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