Focarelli, Dario; Marques-Ibanez, David; Pozzolo, … - 2011
It has often been argued during the recent credit crisis that commercial banks’ involvement in investment banking … to the complete revocation of the Glass-Steagall Act in the United States and analyze whether investment banks or … underwritten by investment houses. This evidence is stronger in the case of ex-ante riskier and more competitive issues, and during …