On the Benefits of Universal Banks: Concurrent Lending and Corporate Bond Underwriting

Posted: 6 Jun 2018 Last revised: 24 Sep 2020

See all articles by Elliot Anenberg

Elliot Anenberg

Board of Governors of the Federal Reserve System

Maggie Church

Board of Governors of the Federal Reserve System

Serafin Grundl

Board of Governors of the Federal Reserve System

You Kim

Temple University - Department of Human Resource Management

Date Written: April, 2018

Abstract

In this note, we explore whether "universal banks" provide value to firms through their ability to provide both lending and underwriting services.

Suggested Citation

Anenberg, Elliot and Church, Maggie and Grundl, Serafin and Kim, You, On the Benefits of Universal Banks: Concurrent Lending and Corporate Bond Underwriting (April, 2018). FEDS Notes No. 2018-04-05, Available at SSRN: https://ssrn.com/abstract=3339318 or http://dx.doi.org/10.17016/2380-7172.2143

Elliot Anenberg (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Maggie Church

Board of Governors of the Federal Reserve System

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Serafin Grundl

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

You Kim

Temple University - Department of Human Resource Management ( email )

Philadelphia, PA 19122
United States

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