In 1984, the Comptroller of the Currency stated that the eleven largest banking firms were quot;too big to fail,quot; implying they would receive de facto 100 percent deposit insurance. The question is whether this announcement altered the market's perception of the riskiness of all banking...

This study explores how Community Reinvestment Act (CRA) protests and their resolution affect the market value of merging banks. We find, in contrast to earlier research, that CRA-related events are not associated with significant negative market reactions for either bidder or target...

This study examines the issue of whether CRA-related events impact the securityprices of banking institutions involved in mergers. While previous research hasestablished that bank shareholders experience a significant permanent loss of wealth uponthe announcement of a CRA protest, the current...