the financial crisis 2008-09 was significantly higher for firms with a "weak" bank than for comparable firms with a "sound …" bank. Second, non-defaulting firms with a "weak" bank did not have a lower return on assets during the financial crisis … 2008-09 than comparable firms with a "sound" bank. Taken together, these results may indicate the presence of heterogeneous …

Though overall bank performance from July 2007 to December 2008 was the worst since the Great Depression, there is …, except that large banks from countries with more restrictions on bank activities performed better and decreased loans less …. Our evidence poses a substantial challenge to those who argue that poor bank governance was a major cause of the crisis …

negatively associated with bank profits. Our results also suggest that multinational banks, possessing global advantage, are more …-owned and domestic banks may be due to the implementation of bank restructuring programmes and governments' financial support …

Advocates of diversifying bank income sources often argue that diversification improves the resilience of banks during … banks during the recent financial crisis. Using detailed data on the composition of bank income, we show that institutions …