We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …

the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using … firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition … by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In …

We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank … inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex …

The crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers …. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in … possible policy options and bank actions to enhance European bank funding models’ robustness …

Banks will want to influence the bank regulator to favor their interests, and they typically have the means to do so …