CDS on their borrowers, but their net CDS positions and lending status are largely unrelated. We find no evidence of bank …

evidence of bank using CDS to exploit private information …

We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible … listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank … as the number of bank relationships increases, with a stronger relationship for small firms than for large firms. We also …