Megamergers in the banking industry are confined primarily to the U.S., with little or no such activity in Europe and Japan.

Name: Megamergers in the banking industry are confined primarily to the U.S., with little or no such activity in Europe and Japan.
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Question

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Megamergers in the banking industry are not confined to the U.S. but have also occurred in Europe and Japan, reflecting a global trend towards consolidation in the financial sector.

Megamergers in the Banking Industry Are Confined Primarily to the U.S