We extend the reference DSGE model used for policy analysis at the NBB with a financial sector, by incorporating multi-period fixed-rate corporate and mortgage loans, an imperfect pass-through from policy rates to the deposit rate, and bank capital re-quirements. Adding multi-period fixed-rate...

Société Générale de Belgique was the world's first universal bank. It pioneered another innovation: investing in non-listed equity. We use hand-collected data to show that the bank earned significant positive risk-adjusted returns from 1850 to 1934. This offset its flat return on the listed...

Purpose - The purpose of this paper is to examine whether board characteristics moderate the relationship between capital adequacy regulation and bank risk-taking of universal banks in Sub-Saharan Africa (SSA). Design/methodology/approach The paper uses 700 bank-year observations of universal...

I argue that coverage caps on Federal Deposit Insurance (FDI), a vestige of the 1933-2005 era when premia were neither risk-priced nor regularly assessed, have become not only anachronistic – a bank law equivalent of the human tailbone – but dangerous. The failure of Silicon Valley Bank in...

In recent decades U.S. firms increasingly finance themselves with bonds instead of bank loans, a development with important macroeconomic implications. What causes this change in corporate debt composition? This paper finds that bank scope expansion significantly contributes to the development....

This study examines the effect of board size on credit risk with bank ownership, bank size and bank age acting as controls for the first time in the Ghanaian Banking Sector. Using Quantile Regression modelling, data was obtained from 12 universal Banks in Ghana over the period from 2011 to 2018...

This study analyzes information production and trading behavior of banks with lending relationships. We combine trade-by-trade supervisory data and credit-registry data to examine banks' proprietary trading in borrower stocks around a large number of corporate events. We find that relationship...

We find that spreads on loans originated by lenders affiliated to the IPO underwriters (informed lenders) are 12 basis points (bps) higher than loans originated by unaffiliated (uninformed) lenders. The price of these affiliated post-IPO loans is 59 bps higher than that of those unaffiliated...

The advantages and disadvantages of universal banking have long been debated. Using the successive granting of lead underwriter qualifications to commercial banks in China as a quasi-natural experiment, we study the impact of universal banking on non-financial firms’ investment decisions. We...

We use a unique security-level data set to analyze correlations in bond trading of banks, their respective retail customers and their affiliated mutual funds. Matching banks' proprietary holdings with the holdings of their funds and their retail customers for the period 2009-2016 at the security...

It has often been argued during the recent credit crisis that commercial banks’ involvement in investment banking activities might have had an impact on the intensity of their underwriting standards. We turn to evidence from the period prior to the complete revocation of the Glass-Steagall Act...

We study how universal banking, that is, allowing banks to take equity positions in firms to which they lend, affects optimal financing structure and social welfare. Financing a firm through equity holding can improve a bank’s risk-taking incentive in restructuring the firm in bad times, but...

This descriptive – correlational study explored the relationship between employee job satisfaction to performance appraisal quality and performance measures. A total of 135 universal bank employees were the respondents of the study from all thirteen universal banks in the City of Tarlac,...

Purpose: Many countries both develop and developing have issues concerning corporate governance mechanisms, policy, and implementations and there needs to be addressed by researchers and academics. Our study seeks to investigate whether bank stability and corporate governance variables have a...

The research investigates how the factors affect the quality of English training at the Foreign Language – Informatics Center, University of Banking HoChiMinh city, Vietnam (FLIC), by interviewing 429 students. The method of Cronbach’s Alpha analysis, EFA analysis and Multiple regression...

We formalize the idea that a financial conglomerate may utilize commercial banking activities to cross-subsidize investment banking through bundled offers. The investment banking sector entails supra-normal profits due to incentive problems with security underwriting. Universal banks may aim to...

We use a unique security-level data set to analyze correlations in bond trading of banks, their respective retail customers and their affiliated mutual funds. Matching banks' proprietary holdings with the holdings of their funds and their retail customers for the period 2009-2016 at the security...

In recent years, financial institutions especially universal/commercial banks across Africa have been faced with forceful mergers and acquisitions. These occurrences impede the level of financial inclusion and reduces public confidence in the financial system as a whole. This study assessed the...

The study explored the relationship between the operating segments (IFRS 8) and profitability of universal banks in the Philippines. Empirical data were collected from the published annual report or audited financial statements of the twelve universal banks from reporting period 2016 to 2019....

We use a unique security-level data set to analyze correlations in bond trading of banks, their respective retail customers and their affiliated mutual funds. Matching banks' proprietary holdings with the holdings of their funds and their retail customers for the period 2009-2016 at the security...

We use a unique security-level data set to analyze whether German banks use their customer portfolios and affiliated mutual funds as an exit channel for risky sovereign bonds in the European sovereign debt crisis. Matching banks' proprietary holdings with the holdings of their funds and their...

This study applies Real Options Theory to banking in the environment of actively traded Philippine Universal Banks. These banks exist in an environment of imperfect information with regard to lending, and a country where credit scarcity impedes the growth and performance of entrepreneurial...

Universal banking is one of the main components of Islamic banking. Islamic banks provide finance to enterprises through either sharing directly in the net results of their activities or financing their purchases of assets, goods and services on credit. We can therefore expect Islamic banks to...

Consolidation has been a fact of life in the wholesale financial services sector, resulting in fundamental change in the financial architecture and public exposure to systemic risk. The underlying drivers include advances in transactions and information technologies, regulatory changes,...

The study investigated the extent to which the Central Bank of Ghana has implemented the provisions of the Basel III. An overview of the banking system in Ghana and existing literature on risk management was reviewed to establish the relationship between risk management and the various Basel...