During these last decades, the European banking system witnessed deep changes. They were manifest in operations of Merger and Acquisition (M&A). The available studies prove that the rate of failure of theses M&A is relatively high. The cross-border operations are more exposed at this risk. The...

We investigate the impact of banks disclosure on the evolution of their CDS spreads during the European sovereign crisis. The disclosure of information help investors in building expectations so disclosure may participate into the reduction of the information risk premium and reduces CDS spread....