institutions. This book focuses on the conglomeration of banking and insurance activities among financial institutions of the 15 … fifteen and the ten new member states. Most of the large groups combining banking and insurance activities groups among the … connections on insurance side. Financial conglomeration linkages between the EU-15 and the new member states highlight investment …

. The complex bank holding companies of today are the best example of hybrid intermediaries, but I argue that financial … become significant intermediaries and that turned into bank holding companies post-Lehman are, from an organizational …

with the bank certification hypothesis. As for IPO allocation, the main bank underwriters allocate little to mutual funds … consistent evidence supporting the nepotism hypothesis in aftermarket returns of IPO shares. Bank-involved allocation to mutual … funds is, however, unrelated to risk-adjusted return (i.e., real quality) and to bank loan reduction in the aftermarket …