CANADIAN BANK CONSOLIDATION VIA BANK COMBINATION …

This consolidation, which ultimately resulted in 28 bank mergers and one bank amalgamation, continued unabated even after the legislation controlling bank combinations became more restrictive in the Bank Acts of 1913 and 1923. From 1901 to 1931, the Canadian banking sector was reduced from 35 to 11 banks. These surviving banks had head offices only in Montreal and Toronto. While Carr et al ... ................
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