Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct … legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when …, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance …

This paper documents the changing international exposures of U.S. bank balance sheets since the mid-1980s. U.S. banks … influence on U.S. bank cross-border and local claims. The cross-border claims of U.S. banks on European customers tend to be …

International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous, and also that the primary drivers …