fair value would not fairly represent a bank's business model. In this study we examine whether financial statements using … measures we consider are bond yield spreads and future bank failure. We find that leverage measured using the fair values of … financial instruments explains significantly more variation in bond yield spreads and bank failure than the other less fair …

Bank regulators are required to consider a bank's record of providing credit to low- and moderate-income neighborhoods … and individuals in approving bank applications for mergers and acquisitions. We provide evidence that banks self … or neighborhoods, the greater the probability that the institution will acquire another bank in the following year …

This paper investigates the role of off-balance sheet securitization on US bank leverage pro-cyclicality. Effective …

This study empirically analyzes the impact of the United States’ bank recapitalization program, the centerpiece of the … United States’ $700 billion Troubled Asset Relief Program (TARP), on bank portfolios. Through superior empirical analysis and … objective of stimulating bank lending. On the contrary, we find evidence that recipient banks grew assets significantly slower …

Today’s regulatory rules, especially the easily-manipulated measures of regulatory capital, have led to costly bank … failures. We design a robust regulatory system such that (i) bank losses are credibly borne by the private sector (ii …) systemically important institutions cannot collapse suddenly; (iii) bank investment is counter-cyclical; and (iv) regulatory …

creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the …

). This is attributed to the severe political intervention and weak incentives to follow prudent bank management practices for …

industry and proposed in the literature. We stress test the economic value of equity of a bank balance sheet based on Call … Report data from a large U.S. bank. We show that our method provides more information about the bank’s exposure to IRR using …

findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …