We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank’s poor experience in a crisis is tied to aspects of its business model that are persistent …

We investigate whether bank performance during the recent credit crisis is related to chief executive officer (CEO … larger fraction of compensation in cash bonuses for their CEOs did not perform worse during the crisis. Bank CEOs did not …