Strategies developed by Spanish banks for adapting to financial globalisation: mergers, acquisitions and other strategies

Since the late eighties, Spanish bank markets have been undergoing major changes that have affected both their structure and the nature of strategic interaction among Spanish banks. These major changes have been a natural outcome of the heightening competitive pressure exerted on all countries’ banks by processes such as deregulation, globalisation of financial and economic activities, the development of new technology and the prospect of greater integration of European financial markets.