It has often been argued during the recent credit crisis that commercial banks’ involvement in investment banking … to the complete revocation of the Glass-Steagall Act in the United States and analyze whether investment banks or … – section 20 subsidiaries of – commercial banks underwrote riskier securities. We compare actual defaults of these deals for an …

It has often been argued during the recent credit crisis that commercial banks' involvement in investment banking … to the complete revocation of the Glass-Steagall Act in the United States and analyze whether investment banks or … - section 20 subsidiaries of - commercial banks underwrote riskier securities. We compare actual defaults of these deals for an …

’s ambiguous on the effect of banks on large firms. The empirical evidence suggests that while the average size of firms in the top …

We show that negative monetary policy rates induce systemic banks to reach-for-yield. For identification, we exploit … the 26 largest euro area banking groups. Banks with more customer deposits are negatively affected by negative rates, as … higher returns. Effects are stronger for less capitalized banks, private sector (financial and non-financial) securities and …