The effect of Continental Illinois' failure on the financial performance of other banks
1990; Elsevier BV; Volume: 26; Issue: 1 Linguagem: Inglês
10.1016/0304-3932(90)90032-y
ISSN1873-1295
AutoresLarry D. Wall, David R. Peterson,
Tópico(s)Housing Market and Economics
ResumoThe FDIC bailout of Continental Illinois' creditors is justified on the grounds that Continental's collapse posed a threat to the U.S. banking system. This study examines the financial performance of large banking organizations that were vulnerable to bank runs around the time of the Continental Illinois failure. There is little evidence to support concern about bank runs. Shortly after Continental's bailout, developments related to Latin American loans did affect banks' returns.
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