dc.description.abstract | Banc-assurance is hinged on mergers and restructuring theories where insurance firms merge with banks or banks restructure to have Banc-assurance under their roof. The financial intermediation theory attempts to explain the rationale of having banking and insurance together by virtue of their related products that they offer. This phenomenon can also be explained by a number of mergers and restructuring theories. These theories put forward the rationale of banks and insurance coming together to have Banc-asurance. These theories can be grouped into five categories namely efficiency explanation, information, agency problems, market power and taxes theories (Copeland & Weston, 1992). | |