City Bank currently has a 60 percent market share in banking services, followed by NationsBank with 20
Question:
a. What is the concentration ratio as measured by the Herfindahl-Hirschman Index (HHI)?
b. If City Bank acquires State Bank, what will be the new HHI?
c. Assume the Justice Department will allow mergers as long as the changes in HHI do not exceed 1,400. What is the minimum amount of assets that City Bank will have to divest after it merges with State Bank?
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a HHI 60 2 20 2 20 2 4400 b HHI 80 2 20 2 6800 c For City Bank to complete the merger i...View the full answer
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