, the authors note, suggests that joint corporate ownership of banks and commercial firms has several potential benefits … enjoy a significant reduction in funding costs if affiliation with a bank extended the federal safety net for banks to cover ….S. experience with limited openings between banking and nonbank activities suggests that the most common combinations were banks …

nonfinancial industries into hypothetical portfolios using industry-level profitability data calculated from corporate tax returns … filed with the Internal Revenue Service between 1994 and 2004. The analysis demonstrates that pairwise combinations of banks … during the sample period. Efficient portfolios combining banks with several other industries showed even higher levels of …