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Insurance companies and the growth of corporate loans' securitization

Fringuellotti, Fulvia; Santos, João A. C. - 2021

We show that insurance companies have almost nonupled their investments in collateralized loan obligations (CLOs) in … capital charges, insurance companies invest more heavily in bonds and CLO tranches with higher yields. Preferences for CLO … regulatory reform, resulting in insurance companies holding more than 40 percent of mezzanine tranches outstanding in 2019. In …

Persistent link: https://www.econbiz.de/10012597742

Banks' payments-driven revenues

Radecki, Lawrence J. - 1999

Persistent link: https://www.econbiz.de/10001398321

Are there "bank effects" in borrowers' costs of funds? : Evidence from a matches sample of borrowers and banks

Hubbard, R. Glenn; Kuttner, Kenneth N.; Palia, Darius - 1999

Persistent link: https://www.econbiz.de/10001400845

Complexity in large U.S. banks

Goldberg, Linda S.; Meehl, April - 2019

While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of complexity and their patterns across banks are not well understood. We introduce a range of measures of organizational, business, and geographic complexity. Comparing 2007 with...

Persistent link: https://www.econbiz.de/10011975489

Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...

Persistent link: https://www.econbiz.de/10012000041

Transformation of corporate scope in U.S. banks : patterns and performance implications

Cetorelli, Nicola; Jacobides, Michael G.; Stern, Samuel - 2017

Using a novel database containing the time-series details of the organizational structure of individual bank holding companies, this paper presents the first population-wide study of the transformation in business scope of U.S. banks. Expanding scope has a negative impact on performance on...

Persistent link: https://www.econbiz.de/10011657521

CDS and equity market reactions to stock issuances in the U.S. financial industry : evidence from the 2002-13 period

Cornett, Marcia Millon; Mehran, Hamid; Pan, Kevin; … - 2014

We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

Persistent link: https://www.econbiz.de/10010423809

Cyber risk and the U.S. financial system : a pre-mortem analysis

Eisenbach, Thomas M.; Kovner, Anna; Lee, Michael Junho - 2021 - Revised May 2021

in geographies with concentrated banking markets. When banks respond to uncertainty by liquidity hoarding, the potential …

Persistent link: https://www.econbiz.de/10012161511

How do stock repurchases affect bank holding company performance?

Hirtle, Beverly J. (contributor) - 2001 - [Elektronische Ressource], draft March 2001

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 higher levels of repurchases in one year are associated...

Persistent link: https://www.econbiz.de/10001589572

The role of bank advisors in mergers and acquisitions

Allen, Linda (contributor) - 2002 - [Elektronische Ressource]

area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with … area, unlike some areas of investment banking, commercial banks have always been allowed to compete directly with … returns for bank advisors when they advise their own loan customers in acquiring other firms. -- Relationship banking …

Persistent link: https://www.econbiz.de/10001656388