Discussion Paper

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

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


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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2018-04-05

Number: 2018-04-05