the financial crisis 2008-09 was significantly higher for firms with a "weak" bank than for comparable firms with a "sound …" bank. Second, non-defaulting firms with a "weak" bank did not have a lower return on assets during the financial crisis … 2008-09 than comparable firms with a "sound" bank. Taken together, these results may indicate the presence of heterogeneous …

This paper analyzes the determinants of bank mergers and acquisitions (M&As) from a bank-level perspective. The main … decision of merging, including the size of the bank, profitability, lending activities, liquidity, bank concentration, banking …

the public, long-term systemic risk among banks tends to increase. From the dynamic perspective, bank penalties represent … long-term. In this respect, bank penalties resemble still waters that run deep. In contrast, a settlement with regulatory …