uneven playing field enables non-bank FinTech firms to challenge banks for specific products whose success is not tied to …

We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the timeas the most dramatic … crisis since the Great Depression, predicts its performance during the recentfinancial crisis. One hypothesis is that a bank … hypothesis is that a bank’spoor experience in a crisis is tied to aspects of its business model that are persistent, so that its …