Many large U.S. bank holding companies (BHCs) continued to pay dividends during the recent financial crisis, even as …

daily credit default swap (CDS) and stock market pricing data. The major findings of the paper are that CDS prices respond … issue announcements by assessing significantly lower costs for default protection via credit default swaps. The evidence …

. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both … advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …

In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …

Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and … financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that … be driven primarily by bank holding companies with publicly traded stock, especially those companies whose stock is …

particular, I find that a bank affiliated with a multi-bank holding company is significantly safer than either a stand-alone bank … or a bank affiliated with a one-bank holding company. Not only does affiliation reduce the probability of future … other banks. Moreover, the effects of affiliation are strengthened for an expanding bank holding company. However, the …