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The UBS-Credit Suisse Merger : Helvetia's Gift

Böni, Pascal; Kroencke, Tim-Alexander; Vasvari, Florin P. - 2023

at the expense of taxpayers: the merger-bailout has increased Switzerland’s sovereign credit risk, resulting in an …

Persistent link: https://www.econbiz.de/10014349670

Interbank network and bank bailouts : insurance mechanism for non-insured creditors?

Eisert, Tim; Eufinger, Christian - 2014

This paper presents a new theory that explains why it is beneficial for banks to be highly interconnected and to engage in herding behavior. It shows that these two important causes of systemic risk are interdependent and thus cannot be considered in isolation. The reason is that banks have an...

Persistent link: https://www.econbiz.de/10012061003

Impact of Government Bailout on Banks' Cost of Equity : Additional Evidence from the Financial Bailout of 2008-2009

Wang, Daphne - 2020

liquidity provided by the government bailout reduced the cost of equity for recipient banks, especially for those banks that … repaid their bailout funds in full. The decrease in the cost of equity is particularly significant for banks with high market … important implications for the assessment of government bailout programs and future regulation of financial institutions …

Persistent link: https://www.econbiz.de/10012841209

Do Business Borrowers Benefit from Bank Bailouts? - The Effects of TARP on Loan Contract Terms

Berger, Allen N. - 2017

We investigate benefits to business borrowers from bank bailouts – specifically the Troubled Asset Relief Program (TARP). Applying difference-in-difference methodology to loan-level data, we find more favorable contract terms in five dimensions – spread, amount, maturity, collateral, and...

Persistent link: https://www.econbiz.de/10012969974

Whose Bailout Is It Anyway? Political Connections of Small Businesses vs. Banks in PPP Bailouts

Berger, Allen N.; Karakaplan, Mustafa U.; Roman, Raluca A. - 2021

Economic agents pursue government funds using political connections, but it is sometimes unclear which types of connections and whose connections matter, and which agents have opportunities to benefit. We address these issues for the over one-half-trillion-dollar Paycheck Protection Program...

Persistent link: https://www.econbiz.de/10013212554

The SSM at 1

Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016

On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...

Persistent link: https://www.econbiz.de/10011557140

How do Banks use Bailout Money? Optimal Capital Structure, New Equity, and the TARP

Taliaferro, Ryan - 2020

Between October 28, 2008 and June 30, 2009 over six hundred banks and bank holding companies accepted money from the United States government in exchange for preferred shares and warrants. Based on a matched sample of banks participating and not participating in this Capital Purchase Program...

Persistent link: https://www.econbiz.de/10012857620