Ahnert, Lukas; Vogt, Pascal; Vonhoff, Volker; Weigert, … - 2020 - This version: April, 2020
This paper investigates the impact of stress testing results on bank's equity and CDS performance using a large sample … banks experience positive abnormal equity returns and tighter CDS spreads, while failing banks show strong drops in equity … evaluating strategic options for affected banks and investors. …