We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...

We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...

We test how active management of bank credit risk exposure affects capital structure, capital budgeting and profits. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans hold less capital and lower levels of liquid assets than other banks; they...

We test how active management of bank credit risk exposure through the loan sales market affects capital structure, lending, profits, and risk. We find that banks that rebalance their Camp;I loan portfolio exposures by both buying and selling loans - that is, banks that use the loan sales market...

We test how active management of bank credit risk exposure through the loan sales market affects capital structure, lending, profits, and risk. We find that banks that rebalance their C&I loan portfolio exposures by both buying and selling loans – that is, banks that use the loan sales market...