We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by …-merger profitability of targets, a decrease in the size of acquirers and a decreasing share of transactions in which banks are acquired by …

We investigate the impact of the 2014 Interagency Clarification on the leverage risk premium for bank- and nonbank … facilities relative to bank facilities since the introduction of the 2014 Interagency Clarification. The decline in leveraged …

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 …

Swiss private banks, we test the hypothesis that the performance of a bank in attracting new money depends on two input … profit of a small (large) bank. Thus, adding to the explicit fines that many Swiss banks had to pay in the course of the U …

We develop a novel dynamic model of banking showing that aggregate bank capital is an important determinant of bank …. Because of this financial friction, banks build equity buffers to absorb negative shocks. Aggregate bank capital determines …

. This paper investigates whether diversification influences banks' investment (credit) policy and profitability. Diversified … contributes to the current debate on the optimal scope of bank activities, and highlights novel channels through which …