The UBS- Credit Suisse (CS) merger in March 2023, one of the biggest banking unions in history, was an emergency rescue … deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. The merger resulted in a … around the merger announcement through abnormal returns to UBS stockholders (7.95%) and CS bondholders (34.74%), equivalent …

This paper examines whether labor unions affect the bank performance during recently financial crisis. The empirical … evidence from 228 largest banks around the globe indicate that the buy-and-hold returns of unionized banks are higher and the … default probabilities are lower during the crisis period when compared non-unionized banks. In addition, unionized banks …

During normal times, strengthening the financial stability of banks is associated with contradictory effects on returns …. In this paper, we establish that liquidity and capital ratios had a positive impact on bank returns during the first … identify deposit franchise and risk management as two key channels through which stronger financial stability improved bank …

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

Banks are growing ever larger compared to their national economies. We show that increases in relative bank size … (measured as a bank's liabilities divided by national GDP) are linked to banks displaying higher tail risk. This effect is not …, or banking crises. Instead, we detect a persistent component in the tail risk of relatively large banks that is bank …

US) investment banks and their subsequent, in most cases, bail-out by public funds – and on the real sector of the … (and in particular banking) crises (under Section 1); discusses the structural vulnerability of banks to some financial …

The history of banking provides a view that banks are often a liability to stable economies and their behavior can … bailouts. What is the future of capitalism without banks, can new e-financial institutions take their place? …