The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

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 banks build up positive (negative) trading positions in the two weeks before events …

important are the distortions in the greater regulation of banks that differentially limit risk-taking across alternative … addresses these questions and discusses how banks and nonbanks helped provide liquidity to the nonfinancial sector during the …

The traditional model of bank-led financial intermediation, where banks issue demandable deposits to savers and make … size. Implicit banks' costs and subsidies explain shifting bank balance sheet composition. Together, these forces explain …

Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have …

reserves--a crucial decision-making input for modern central banks. Second, we propose diagnostic tools to gauge the central … funding across banks …

monetary policy by lowering search costs and expanding bank markets. This paper studies the reaction of online banks to changes … in federal fund rates. We find that these banks increase rates that they offer on deposits significantly more than … traditional banks do. A 100 basis points increase in the federal fund rate leads to a 30 basis points larger increase in rates of …

less likely than white-owned recipients to borrow from banks and more likely to borrow from fintech lenders is driven … likely than white-owned firms to apply to banks and 7.8 percentage points more likely to apply to fintechs. However, they … face similar average approval disparities at banks (7.4 percentage points) and fintechs (8.4 percentage points). Sorting by …

banks. These two sectors are commonly viewed either as operating in parallel, performing different activities, or as … substitutes, performing substantially similar activities, with banks inside and NBFIs outside the perimeter of banking regulation … transformed over time rather than as having migrated from banks to NBFIs. These transformations are at least in part a response to …