We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of … for banks and nonbanks, and an empirical setting with quasirandom shocks to firm profitability. Although credit migrates … from banks to nonbanks, zombie firms file for bankruptcy at an elevated rate, suggesting that nonbanks' zombie lending does …

prices. Using the gradual deregulation of banks' nonbank activities during 1996-1999 as a natural experiment, we show that t … significantly with their business complexity. This trend is particularly strong for banks that were bound by regulations beforehand …, especially for those with an existing Section 20 subsidiary, and weaker for other banks that were not bound and for nonbank …

; on the other hand, CDS trading can reduce bank monitoring incentives. We document that banks are less likely to syndicate …

; on the other hand, CDS trading can reduce bank monitoring incentives. We document that banks are less likely to syndicate …

known about how complexity affects banks' risk management. Using the 1996-1999 deregulations of U.S. banks' nonbanking … activities as a natural experiment, we show that banks' business complexity increases their operational risk. This result is … driven by banks that had been constrained by regulations, compared with other banks and also with nonbank financial …

Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem …

network. We estimate that the impairment of any of the five most active U.S. banks will result in significant spillovers to … other banks, with 38 percent of the network affected on average. The impact varies and can be larger on particular days and … in geographies with concentrated banking markets. When banks respond to uncertainty by liquidity hoarding, the potential …