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 …

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 …

banks (incumbents), on the intensive and extensive margin, including increased credit to subprime and new …

We hypothesize and find evidence that banks use venture investments in fintech startups as a strategic approach to … navigate fintech competition. We show that banks' venture investments have increasingly focused on fintech firms in systematic … ways. We find that banks facing greater fintech competition are more likely to make venture investments in fintech startups …