(The European Banking Industry after the Global Financial Crisis: Changes in Business Circumstances and Strategies)

2014 ◽  
Author(s):  
Tae Hyun Oh ◽  
Junyup Kim
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Banking Industry ◽  
European Banking ◽  
The Global Financial Crisis

scholarly journals Common Ownership Patterns in the European Banking Sector—The Impact of the Financial Crisis1

2021 ◽  
Author(s):  
Albert Banal-Estañol ◽  
Nuria Boot ◽  
Jo Seldeslachts
Keyword(s):  
Financial Crisis ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Common Ownership ◽  
European Banking ◽  
And Performance ◽  
The Global Financial Crisis ◽  
The Impact ◽  
Capital Injections ◽  
Ownership Patterns

Abstract We provide a description of ownership patterns in the top 25 European banks for the period 2003–2015, where we especially focus on the global financial crisis. Investment managers, such as Blackrock, are dominant in terms of number of blockholdings in different banks, maintaining fairly stable “common ownership” networks throughout our sample. However, the financial crisis led to capital injections by governments in several banks in trouble, which in turn led to a jump in holdings by governments, which typically are “non-common owners” (i.e., they hold only shares in only one bank). This jump translated into these investors temporarily being the top investor with a large share, and non-common owners being the majority among large shareholders. A brief comparison with US banks uncovers large ownership differences between the European and US banking sectors. We briefly discuss what these ownership patterns might imply for competition, stability and performance in the banking industry.

scholarly journals The global financial crisis and the behavior of short-term interest rates: International and Serbian aspects

2009 ◽  
Vol 56 (4) ◽  
pp. 491-506 ◽  
Author(s):  
Djordje Djukic ◽  
Malisa Djukic
Keyword(s):  
Financial Crisis ◽  
Interest Rates ◽  
Global Financial Crisis ◽  
Banking Industry ◽  
Developed Countries ◽  
Short Term ◽  
Cross Border ◽  
The Us ◽  
National Bank ◽  
The Global Financial Crisis

Throughout the current global financial crisis the market has continued to fall due to a lack of confidence of those banks that are not yet prepared to lend on the interbank money market. For instance, the negative repercussions of the crisis onto the Serbian financial sector have created a number of issues including a significant increase in lending rates, a difficulty, or impossibility, for the corporate sector to use cheap cross-border loans and a reduction in the supply of foreign exchange on that basis. The inability of the National Bank of Serbia to follow the aggressive reduction of the key interest rate that has been implemented by central banks in developed countries, partly explains the lack of a decline in short-term interest rates by the Serbian banking industry. The first section of the paper focuses on the effects of the financial crisis through the behavior of short-term interest rates in the US and Europe, while the second section gives an estimation of the effects of the global financial crisis on interest rates in the banking industry in Serbia.

scholarly journals Government Intervention and Bank Market Power

2020 ◽  
Vol 20 (275) ◽  
Author(s):  
Brandon Tan ◽  
Maria Martinez Peria ◽  
Nicola Pierri ◽  
Andrea Presbitero
Keyword(s):  
Financial Crisis ◽  
Market Power ◽  
Global Financial Crisis ◽  
Banking Industry ◽  
Significant Decline ◽  
Similar Increase ◽  
Matching Method ◽  
Government Interventions ◽  
The Global Financial Crisis ◽  
Shed Light

The COVID-19 pandemic could result in large government interventions in the banking industry. To shed light on the possible consequences on market power, we rely on the experience of the global financial crisis and exploit granular data on government interventions in more than 800 banks across 27 countries between 2007 and 2017. For identification, we use a multivariate matching method. We find that intervened banks experience a significant decline in market power with respect to matched non-intervened banks. This effect is more pronounced for larger and longer interventions and is driven by a rise in costs—mostly because of higher loan impairment charges—which is not followed by a similar increase in prices.

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