higher levels of repurchases in one year are associated with higher profitability and a lower share of problem loans in the … when they have private information suggesting that the future profitability of the bank is likely to be strong. We find …

area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with … area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with … returns for bank advisors when they advise their own loan customers in acquiring other firms. -- Relationship banking …

, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at … which put option value starts to dominate charter value. From these estimates, we infer the extent to which the risk …

was thus an effective public policy tool, at least banking sector. …

Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a … shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term debt Granger …-causes higher solvency risk. These results point toward a tight interaction between solvency and liquidity risk over time. My …