This study examines the impact of credit rating upgrades and downgrades on six comprehensive banks' asset classes, profitability, leverage and size using data from the Federal Deposit Insurance Corporation's call reports and Bloomberg over the period 1989-2008. In summary, the results suggest...

We study whether formal enforcement actions, imposed on U.S. banks during 2000-2014 for serious financial safety and internal control problems, affect the probability that punished banks become targets of mergers and acquisitions (M&As). We find an increase in the probability of punished banks'...

I examine the spillover effect of a bank default on its neighboring banks over the 2007Q1-2015Q4 period propagating through the disrupted local economic activity in areas the failed institution was operating in through its branches. The results show that the affected neighboring banks'...