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Transcript: FINANCIAL SERVICES MERGERS:ELLEN SEIDMAN
- Article from:
- Congressional Testimony
- Article date:
- April 29, 1998
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TESTIMONY ON RECENT PROPOSED MERGERS OF LARGE FINANCIAL INSTITUTIONS
BEFORE
THE COMMITTEE ON BANKING AND FINANCIAL SERVICES U.S. HOUSE OF REPRESENTATIVES
Ellen Seidman, Director Office of Thrift Supervision
April 29, 1998
I. Introduction
Good morning, Mr. Chairman and members of the Committee. On behalf
of the
Office of Thrift Supervision ("OTS"), I appreciate the opportunity
to appear
before the Committee to discuss the timely issue of the recent proposed
mergers of several large financial institutions. Although consolidation
in the financial services industry is not a new or startling development,
the sheer size of the recent proposals has attracted much ...