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This is a case study of the Bank of America and Merrill Lynch merger. It is based on the article, Fiduciary Exemption for Public Necessity: Shareholder Profit, Public Good, and the Hobson's Choice during a National Crisis, 17 Geo. Mason L. Rev. 661 (2010). The case study analyzes the...
Persistent link: https://www.econbiz.de/10013038979
firm is expected to need if we have another financial crisis.FindingsLarge acquiring banks decrease systemic risk …
Persistent link: https://www.econbiz.de/10013244787
Banks operating in a regulated environment need to operate within the fiscal, monetary, political and legal regulations …; customer tastes, habits and demand; and input supply changes. Changes in these require adjustments in the bank’s operations … proven an appropriate business, growth and financial strategy with which banks in Nigeria can cope in their dynamic operating …
Persistent link: https://www.econbiz.de/10009743348
Dodd-Frank Act. We develop a novel research design that estimates indirect treatment effects for banks just below the …
Persistent link: https://www.econbiz.de/10012901825
Special Purpose Acquisition Companies (SPACs) are simply enterprises that raise money from the public with the intention of purchasing an existing business and become publicly-traded in the securities markets. If the SPAC is successful in raising money and the acquisition takes place, the target...
Persistent link: https://www.econbiz.de/10013215319
In this paper, we study a large sample of Spanish firms acquired by private equity funds in leveraged buyout transactions. Leveraged buyouts are controversial in the U.S., yet European researchers link leveraged buyouts and growth. We argue that growth is merely industry consolidation, not...
Persistent link: https://www.econbiz.de/10014350754
supporting the idea that the reform had a positive average effect and increased banks competition intensity during a few years …. However, we also document heterogeneity as some large banks benefited from an increase in their market power. We perform …
Persistent link: https://www.econbiz.de/10012584137
single banking market and to break the nexus between banks and sovereigns. Ideally, banks should be subject to a common set … amendments to the Union regulatory framework aiming to achieve a dual objective; to strengthen banks’ profitability and overall … Board (SRB) have granted (temporary) relief measures to banks to withstand the effects of the pandemic and continue lending …
Persistent link: https://www.econbiz.de/10012587341
1) Are Italian mutual banks efficient? Evidence from two different cost frontier techniques, by Juan Sergio Lopez …, Alessandra Appenini, and Stefania P.S. Rossi. The aim of the first paper is to analyze the efficiency of co-operative banks in … small financial institutions that used to operate in a more protected environment. Based on a panel of about 450 banks …
Persistent link: https://www.econbiz.de/10011689899
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …-owned savings banks. Contemporaneously, banks in both markets engaged heavily in mergers and acquisitions. We analyze how these … activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change …
Persistent link: https://www.econbiz.de/10003813058