... banks regardless of whether they merge or not With this caveat in mind, the data are indicative of the broad financial features of banks engaged in domestic M&As in Europe ECB Working Paper Series ... path-dependence and the evolution of post-acquisition practices in the U.S banking industry, University of Pennsylvania, The Wharton School Working Paper Series 10 30 ECB Working Paper Series No 398 October ... Witten/Herdecke Working Paper Series 05 Beitel, P., D Schiereck and M Wahrenburg (2003), Explaining the M&A-success in European bank mergers and acquisitions, Center for Financial Studies Working Paper Series, ...