This is a case study of the Bank of America and Merrill Lynch merger. It is based on the article, Fiduciary Exemption for Public Necessity: Shareholder Profit, Public Good, and the Hobson's Choice during a National Crisis, 17 Geo. Mason L. Rev. 661 (2010). The case study analyzes the...

Governance at banks, especially major banks, requires further reform, especially with respect to incentives. Supervisors are concerned that incentives may make executives prone to take “excessive” risks. Shareholders are concerned that banks rarely earn their cost of capital.What's needed is...

The banking crisis has cruelly exposed how UK banks failed to adequately defend the interests of their multiple stakeholders and has resulted in the reputation of the banking sector being severely tarnished. This proposal specifically addresses measures to help to improve corporate governance in...

This paper reports on the “CEO's-eye-view” of the 1990 commercial real estate crisis at Citibank using unique data from CEO John Reed's private archives. This qualitative analysis sheds light on questions that have perennially plagued executives and intrigued scholars: How do organizations...

This case highlights ABN AMRO Banco Real, a Brazilian bank, whose top management embarked on a humanistic transformation process when faced with a post-merger situation. As the CEO of a very typical bank, Fabio Barbosa examined the possibilities of creating a culture of shared values to better...

While the real effects of bank competition is a classic topic in the finance literature, there has been relatively little research studying the effect it might have on local labor markets. In this paper, I utilize county level data and an exogenous shock to competition supplied by DOJ antitrust...

This paper shows that a decrease in bank competition negatively affects local labor markets. Using bank mergers and anti-trust policy to obtain quasi-exogenous variation, I find that a 5% increase in county level bank concentration leads to a 6% decrease in small business lending, followed by a...

The EU bank recovery and resolution directive includes mechanisms for recovery (or “early intervention”) for groups. These are: group recovery plans, intra-group financial assistance and coordination of early intervention measures regarding groups.But do these group provisions ensure a...

Today, the need for nimble financial regulation is paramount. The Dodd-Frank financial reform bill has not prevented further scandals and will not stop banks from selling risky products. Yet one understudied law is a surprisingly versatile device that has the potential to temper financial risk:...

This paper examines banks' accounting choices between fair-value and historical-cost accounting when reported accounting information is used for capital requirement regulation. In choosing fair-value relative to historical-cost, banks must consider potential benefits of additional lending in...