article thumbnail

The Credit Suisse Collapse and the Regulation of Banking

Harvard Corporate Governance

Related research from the Program on Corporate Governance includes Self-Fulfilling Credit Market Freezes by Lucian Bebchuk and Itay Goldstein. Credit Suisse, one of the world’s largest 30 banks with assets exceeding $500 billion, melted down earlier this month. ” SNB also pledged to provide CS with liquidity if necessary.

Banking 279
article thumbnail

Dissecting the Long-Term Performance of the Chinese Stock Market

Harvard Corporate Governance

The Chinese stock market started in 1990 with the establishment of two domestic stock exchanges (the “A share” market): the Shanghai Stock Exchange (SSE hereafter) and the Shenzhen Stock Exchange (SZSE). The A share market is the second largest in the world in terms of total market capitalization, trailing only the US equity markets.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Breach of Trust: Decoding the Banking Crisis

Musings on Markets

In March 2023, the fall of Silicon Valley Bank shocked investors not only because it was unforeseen, but also because of the speed with which it unfolded. That failure has had a domino effect, with Signature Bank falling soon after, followed by Credit Suisse in April 2023 and by First Republic last week.

Banking 76
article thumbnail

Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments. All Equity, All the time!

Banking 63
article thumbnail

Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. Announce a Merger of Equals to Create a Premier Pennsylvania and Maryland Community Banking Franchise

Benzinga

Orrstown") (NASDAQ: ORRF ), the parent company of Orrstown Bank, and Codorus Valley Bancorp, Inc. Transaction Highlights : Merger of Equals transaction creating a premier Pennsylvania and Maryland community bank with approximately $5.2 " name, and the combined bank will operate under the "Orrstown Bank" name.

Banking 40
article thumbnail

Wayne Savings Bancshares, Inc. and Main Street Financial Services Corp. announce Merger of Equals transaction, creating a community bank with assets in excess of $1.3 billion

Benzinga

billion and a combined market capitalization of approximately $130 million. OTCQX: WAYN ) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., as of February 22, 2023.

Banking 40
article thumbnail

Capital One Explores Potential Acquisition Of Discover In Strategic Credit Card Boost

Benzinga

In contrast, Capital One boasts a market capitalization. While the deliberations are ongoing, there’s no assurance that they will result in a finalized agreement, Bloomberg reported. Discover’s shares have experienced a 1.7% decline this year, valuing the company at approximately $27.6