lender. The collapse of the private-label securitization market, banks' risk-management concerns, wealth polarization, post … large banks reacting more to the increased costs of origination imposed by financial regulation …

to German savings banks during the US mortgage crisis that are unrelated to local conditions. We find that firms with … credit relationships with affected banks experienced a significant decline in employment and in labor compensation relative … to firms whose credit relationships were with healthy banks. We also find that the employment effect increases, and the …

discrimination, 22% with ineifficient matching, and 50% with search costs. Large consumer-base banks have margins 70% higher than …

We study how deposit competition affects a bank’s decision to securitize mortgages. Exploiting the state … probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and … corresponding reductions in banks' deposit holdings. Our results are strongest among banks that rely more on deposit funding. These …

, which are free from CRA obligations, to banks in need of CRA-eligible mortgages. Our findings underscore the pitfalls of a …