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Bank Corporate Loan Pricing Following the Subprime Crisis
Santos, João A. C. - 2010
The massive losses that banks incurred with the meltdown of the subprime mortgage market have raised concerns about their ability to continue lending to corporations. We investigate these concerns. We find that firms paid higher loan spreads during the subprime crisis.Importantly, the increase...
Persistent link: https://www.econbiz.de/10013135161
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Do Banks Propagate Debt Market Shocks?
Hale, Galina - 2010
Over the years, U.S. banks have increasingly relied on the bond market to finance their business. This created the potential for a link between the bond market and the corporate sector whereby borrowers, including those that do not rely on bond funding, became exposed to the conditions in the...
Persistent link: https://www.econbiz.de/10013150609
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Bank Corporate Loan Pricing Following the Subprime Crisis
Santos, João A. C. - 2009
The massive losses that banks have incurred with the meltdown of subprime mortgages have raised concerns with their ability to continue extending loans to corporations. In this paper, we attempt to ascertain these concerns by investigating if banks have changed their loan pricing policies in...
Persistent link: https://www.econbiz.de/10013157668
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Banks' Liquidity and the Cost of Liquidity to Corporations
Bord, Vitaly - 2018
dependent on the credit-line provider. Our findings show that the crisis which affected the banking system had a negative effect …
Persistent link: https://www.econbiz.de/10012940389
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Syndicated Loan Market and Banks' Distant Lending
Glaser, Jack; Santos, João A. C. - 2021
Banks in the syndicated loan market have increased their distant lending over the last three decades. Lead banks play a role in participant banks' distant lending decisions but not in a way entirely consistent with them acting as “delegated” monitors. This is partly because participant banks...
Persistent link: https://www.econbiz.de/10013310271
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Does Banks' Corporate Control Benefit Firms? Evidence from US Banks' Control Over Firms' Voting Rights
Santos, João A. C. - 2009
In this paper we examine the importance of banks' corporate control by investigating the loan policy pricing effect of banks' voting stakes on their borrowers. We exploit the fact that banks may hold shares of firms in a fiduciary capacity to identify a clean measure of banks' control over...
Persistent link: https://www.econbiz.de/10012721639
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Is the Secondary Loan Market Valuable for Borrowers?
Nigro, Peter J. - 2007
subsequently traded. This shift away from traditional banking is altering the business of lending for both banks and their …
Persistent link: https://www.econbiz.de/10012728694
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Performance and Asset Management Effects of Bank Acquisitions
Craig, Ben R. - 2007
acquisition announcement, and provide some insight on the dominant motivations for the consolidation taking place in the banking …
Persistent link: https://www.econbiz.de/10012732408
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Banking and Commerce : A Liquidity Approach
Haubrich, Joseph G. - 2005
This paper looks at the advantages and disadvantages of mixing banking and commerce, using the liquidity approach to … financial intermediation. Bringing a nonfinancial firm into a banking conglomerate may be advantageous because it makes it …
Persistent link: https://www.econbiz.de/10012785024
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Banking and Commerce : A Liquidity Approach
Haubrich, Joseph G. - 2013
This paper looks at the advantages and disadvantages of mixing banking and commerce, using the quot …;liquidityquot; approach to financial intermediation. Bringing a nonfinancial firm into a banking conglomerate may be advantageous because it … banking and commerce conglomerate increases the liquidity of such assets and improves the bank's ability to perform financial …
Persistent link: https://www.econbiz.de/10012712255