Similar Search Results

Collateral damage: Sizing and assessing the subprime CDO crisis

Cordell, Larry; Huang, Yilin; Williams, Meredith - Federal Reserve Bank of Philadelphia - 2011

This paper conducts an in-depth analysis of structured finance asset-backed securities collateralized debt obligations … ABS/MBS securities and SF ABS CDOs. They estimate that 727 publicly traded SF ABS CDOs were issued between 1999 and 2007 … document the enormous cross-referencing of subprime securities into CDOs. They calculate that $201 billion of the underlying …

Persistent link: https://www.econbiz.de/10009216225

Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis

Elyasiani, Elyas; Mester, Loretta J.; Pagano, Michael S. - Federal Reserve Bank of Philadelphia - 2011

The authors examine investors' reactions to announcements of large seasoned equity offerings (SEOs) by U.S. financial institutions (FIs) from 2000 to 2009. These offerings include market infusions as well as injections of government capital under the Troubled Asset Relief Program (TARP). The...

Persistent link: https://www.econbiz.de/10009320870

Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis

Elyasiani, Elyas; Mester, Loretta J.; Pagano, Michael S. - Federal Reserve Bank of Philadelphia - 2013

We examine investors’ reactions to announcements of large capital infusions by U.S. financial institutions (FIs) from 2000 to 2009. These infusions include private market infusions (seasoned equity offerings (SEOs)) as well as injections of government capital under the Troubled Asset Relief...

Persistent link: https://www.econbiz.de/10010661488

Banks in the securities business: market-based risk implications of section 20 subsidiaries

Geyfman, Victoria - Federal Reserve Bank of Philadelphia - 2005

bank-ineligible securities activities – and BHCs without such subsidiaries. Using market returns over a period of time in … which BHCs expanded into securities activities, from 1985 through 1999, this study finds evidence that BHCs that … in the securities business resulted in diversification gains. However, BHCs with Section 20 subsidiaries exhibited higher …

Persistent link: https://www.econbiz.de/10005512286