Big and bigger

One plus one is greater than two. Or so say the advocates of banking consolidation. They believe the sum is greater than the total of individual parts and to prove it, their frenzied M&A activity has bred a proud new banking behemoth: the gigabank. Indeed, acquisition-hungry commercial banks are blurring the lines between financial institutions. Banks worldwide are continuing to evolve toward one-stop supermarkets, emulating the European model of Allfinanz. Most analysts agree with Goldman