We analyze the reaction of stock returns and CDS spreads of banks from Europe and the United States to four major …

This paper examines the impact of bank heterogeneity on the assessment of systemic risk in the context of the German …' heterogeneity and to signal systemic risk reliably regardless of different bank types’ individual characteristics. For the … assessment, currently employed systemic risk indicators are applied to bank-type-specific data for six different bank types from …

initial public offerings (IPOs), we ask if universal-bank-underwritten IPOs perform differently from IPOs underwritten by … specialized investment banks. We find that universal-bank affiliation is correlated with higher first-day returns (underpricing …. Our results also suggest that preexisting bank relationships, rather than issuer characteristics, may determine …

researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is … needed how banks are governed and how bank governance is associated with performance and risk taking. This report deals with … non-executive bank employees provided by an international consulting company. The results indicate that both aspects of …

for a realigned core bank had to be defined and non-strategic portfolios had to be managed down. The case of HRE … Real Estate Holding (HRE) während der Finanzkrise von 2007 und leitet hieraus Implikationen für zukünftige … Bankenregulierung ab. Die Finanzkrise verursachte bei der HRE direkt eine Liquiditäts- sowie indirekt eine Solvabilitätskrise. Aufgrund …

and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the … are then related directly to the magnitude of bank losses in the recent financial crisis. Our data confirms that … supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a …