availability of “free” checking accounts. We attribute this rise in prices partly to adverse selection created by banks’ practice …. That selection works against banks; large overdrafts cost more to supply and, if depositors default, banks lose more, so … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

credit is preferable to substitutes such as the bounced-check “protection” sold by credit unions and banks or loans from …

We study CEO compensation in the banking industry by considering banks' unique claim structure in the presence of two …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … by low-capital banks to improve regulatory ratios. At the portfolio level, the difference in borrower probability of … credits. In addition, we find that low-capital banks' risk estimates have less explanatory power than those of high …

capital by 22 basis points, or 10 percent of total funding costs. This effect is stronger in banks that were measured as …

that banks below a $10 billion size cutoff are exempt from CFPB supervision and enforcement activities. We find little … changes in the composition of lending—CFPB-supervised banks originated fewer loans to risky borrowers, offset by an increase …

Historically, nonfinancial corporations relied on performance targets linked to their EPS. Up until the 1970s, banks … explaining banks' market values. In this paper we present a model of a bank with fixed-rate deposit insurance that faces …