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This article examines the spread of financialization in Germany before the financial crisis. It provides an up-to date … have emerged in Germany. In particular, the article aims to clarify how the prevailing institutional structure and its … variant of financialization. For this end, it combines the rich literature on Germany’s institutional structure with the more …
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that could improve SME finance are the so-called challenger banks, a type of bank unknown in Germany. These banks differ in …. The closure of the very last local savings bank in 2017 marks the preliminary end of traditional regional banking in the … one stroke a regional and public banking group with a substantial market share by restructuring the Royal Bank of Scotland …
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We analyze the reaction of stock returns and CDS spreads of banks from Europe and the United States to four major regulatory reforms in the aftermath of the subprime crisis, employing an event study analysis. In contrast to the public perception that nothing has happened, we find that financial...
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