policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …

Bank payout policy is strongly affected by regulation and politics, especially for the largest banks. Banks, but not … industrial firms, have consistently lower payouts in times of high regulation uncertainty and under democratic presidents. After … the Global Financial Crisis, bank regulators' influence on payout policies of the largest banks increases sharply and …

-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …

, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … this type of complexity, leading to a decrease in systemic risk and an increase in liquidity risk among BHCs. While bank …Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct …

financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level … (consolidations, absorption, and failures), and changes to bank risk. Despite roughly 9,000 bank closures, risk did not leave the … crisis. A key mechanism driving the redistribution of risk was bank acquisition. Each acquisition increases the balance …

, focusing on short-term gains but risking further losses if rates rose. Instead of hedging the market value risk of bank asset … show that capital regulation could address run risk by encouraging capital raising, but its effectiveness depends on the … capital calculations without considering run risk could weaken capital regulation's ability to prevent runs. Our findings have …

actions by bank owners to change management, contract with depositors to extend liability maturity structure, write off bad … assets, and/or inject capital affected bank survival and deposit retention. This historical episode is particularly …

-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …

public-interest view of regulation, not regulatory capture …