In the 1990s, a wave of merger activity altered the structure of the banking industry at both the national and local levels. While banking remains a relatively unconcentrated industry at the national level, markets for some banking services continue to be primarily local. Concentration looks...

When banks can choose among multiple regulators, how does the interaction of the regulators affect the performance of the banking industry? This question is addressed in the context of a bank regulation model that emphasizes the role of bank examinations used to monitor banks' choices of risky...

Banks are broadly prohibited from tying the sale of their own nontraditional banking products or the products of their nonbank affiliates to the sale of traditional banking services (credit and deposit services). This prohibition grows out of a concern that such tied pricing practices constitute...

Federal banking agencies recently revised the regulation implementing the Community Reinvestment Act, which encourages banks to lend in low- and moderate-income neighborhoods. Since there is little conclusive empirical evidence that banks fail to meet the credit needs of such neighborhoods,...