International Finance and Accounting Handbook

2 • 18

Target Institution

World Total

U.S.

Europe

Acquiring Institution

Banks

Securities

Insurance

Banks

Securities

Insurance

Banks

Securities

Insurance

Commercial banks

1260

71

63

594

30

0.3

307

24

52

(52.2%)

(2.9%)

(2.6%)

(50.9%)

(2.6%)

(0.0%)

(47.5%)

(3.1%)

(6.7%)

Securities firms

111

282

96

14

182

49

53

48

39

(4.6%)

(11.7%)

(4.0%)

(1.2%)

(15.6%)

(4.2%)

(6.8%)

(6.2%)

(5.0%)

Insurance companies

128

36

365

73

19

200

50

12

131

(5.3%)

(1.5%)

(15.1%)

(6.3%)

(1.6%)

(17.2%)

(6.4%)

(1.5%)

(16.8%)

79

83.7

70.4

Source:

Thomson Financial Securities Data.

Exhibit 2.8.

Volume of In-Market Mergers and Acquisitions in the United States and Europe, 1985–2001 (US $ million and percent).