The US government launched the Troubled Assets Relief Program (TARP) in mid-September 2008. This article analyzes the market response to the TARP launch. We reject the null hypothesis that the bailout size has no effect on the firm's value. Banks receiving large bailouts endure significantly...

Some have suggested that weaknesses in bank corporate governance played a prominent role in the recent financial crisis, most notably through poorly designed executive compensation packages and from various aspects of the public safety net that may have blunted the normal forces of market...

1. Introduction2. Changing Role of Banks in the Financial System3. Defining a Business Model in Banks4. Identification of Business Models5. Bank Business Models and Financial Stability Assessment6. Business Models, Ownership, Organisational Structures and Size7. Migration of Business Models8....