evidence of bank using CDS to exploit private information …

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

effect on bank loan costs. The result is robust to endogeneity concerns and alternative measures of key variables. It as well …

This paper proposes an early-warning bank risk measure based on the syndicate concentration of recent syndicated loans … that a bank participates in. At the bank level, higher values of the measure predict greater risks (i.e., loan loss …

substitute channel, and the credit-enhancement channel plays an important role in bank loan sales …

. Consequently, bank loan sales are higher for firms that are actively traded in the CDS market. In addition, we find evidence that …