... boundary(autonomy) aroundacquired firm.64 Mergers and Acquisitions in Banking and Finance Figure 3-1D. Client, Product, and Arena-Specific Scale and Scope Economies, and RiskMitigation.in another geography. ... com-mercial banking, investment banking, insurance, and possiblyother types of financial and nonfinancial businesses.1. For a detailed discussion, see Saunders and Walter (1994).96 Mergers and Acquisitions ... 100 Mergers and Acquisitions in Banking and Finance and simply disappears. Others may require the acquiring firm itself toreorganize and, for example, to structure the...