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  • All HBS Web  (5,876)
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  • October 2009 (Revised February 2010)
  • Supplement

Merger of Equals: The Integration of Mellon Financial and The Bank of New York (B)

By: Ryan D. Taliaferro, Clayton S. Rose and David Lane
[Continuation of "A" case.] Less than a month after the close of the merger between The Bank of New York and Mellon Financial, managers at the two firms realized that plans for combining their asset servicing businesses – and realizing the $180 million of annual cost... View Details
Keywords: Mergers and Acquisitions; Integration; Banks and Banking; Banking Industry
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Taliaferro, Ryan D., Clayton S. Rose, and David Lane. "Merger of Equals: The Integration of Mellon Financial and The Bank of New York (B)." Harvard Business School Supplement 210-025, October 2009. (Revised February 2010.)
  • February 2007 (Revised March 2007)
  • Case

Navigating Turbulent Waters: Glitnir Bank's Communication Challenge during a Macroeconomic Crisis

By: Michael D. Kimbrough, Gregory S. Miller, Vincent Marie Dessain and Ane Damgaard Jensen
Glitnir Bank is an Icelandic company following an aggressive growth strategy that relies heavily on foreign debt. Access to such debt is suddenly curtailed when there is a downturn in market sentiment regarding the Icelandic economy as a whole. Students will reflect on... View Details
Keywords: International Finance; Banks and Banking; Macroeconomics; Communication Strategy; Banking Industry; Iceland
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Kimbrough, Michael D., Gregory S. Miller, Vincent Marie Dessain, and Ane Damgaard Jensen. "Navigating Turbulent Waters: Glitnir Bank's Communication Challenge during a Macroeconomic Crisis." Harvard Business School Case 107-050, February 2007. (Revised March 2007.)
  • 1998
  • Chapter

British Overseas Banks as Free-Standing Companies 1830-1994

By: G. Jones
Keywords: History; Business Ventures; Globalized Firms and Management; Banks and Banking; Banking Industry; Great Britain
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Jones, G. "British Overseas Banks as Free-Standing Companies 1830-1994." In The Free-Standing Company in the World Economy, 1830-1996, edited by M. Wilkins and H. G. Schroter. Oxford: Oxford University Press, 1998.
  • Web

Influencing Practice | Social Enterprise | Harvard Business School

Education Courses Driving Nonprofit Performance and Innovation (DNPI) Strategic Perspectives in Nonprofit Management (SPNM) Public Education Leadership Project (PELP) Summer Institute PELP Accelerating Board Capacity (ABC) View Details
  • June 2018
  • Article

Deviations from Covered Interest Rate Parity

By: Wenxin Du, Alexander Tepper and Adrien Verdelhan
We find that deviations from the covered interest rate parity (CIP) condition imply large, persistent, and systematic arbitrage opportunities in one of the largest asset markets in the world. Contrary to the common view, these deviations for major currencies are not... View Details
Keywords: Interest Rates; Financial Markets; Banks and Banking; Price
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Du, Wenxin, Alexander Tepper, and Adrien Verdelhan. "Deviations from Covered Interest Rate Parity." Journal of Finance 73, no. 3 (June 2018): 915–957.
  • December 2024
  • Article

Large Shocks Travel Fast

By: Alberto Cavallo, Francesco Lippi and Ken Miyahara
We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the pre-shock data, to interpret such a pattern. The calibration highlights the state-dependence of... View Details
Keywords: System Shocks; Price; Cost; Inflation and Deflation; Financial Institutions
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Cavallo, Alberto, Francesco Lippi, and Ken Miyahara. "Large Shocks Travel Fast." American Economic Review: Insights 6, no. 4 (December 2024): 558–574.
  • August 2023
  • Article

Do Rating Agencies Behave Defensively for Higher Risk Issuers?

By: Samuel B. Bonsall IV, Kevin Koharki, Pepa Kraft, Karl A. Muller III and Anywhere Sikochi
We examine whether rating agencies act defensively toward issuers with a higher likelihood of default. We find that agencies' qualitative soft rating adjustments are more accurate as issuers' default risk grows, as evidenced by the adjustments leading to lower Type I... View Details
Keywords: Credit Rating Agencies; Soft Rating Adjustments; Default; Credit; Performance Evaluation; Measurement and Metrics; Financial Institutions; Risk Management
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Bonsall, Samuel B., IV, Kevin Koharki, Pepa Kraft, Karl A. Muller III, and Anywhere Sikochi. "Do Rating Agencies Behave Defensively for Higher Risk Issuers?" Management Science 69, no. 8 (August 2023): 4864–4887.
  • December 2020
  • Article

Monetary Policy and Global Banking

By: Falk Bräuning and Victoria Ivashina
When central banks adjust interest rates, the opportunity cost of lending in local currency changes, but—in absence of frictions—there is no spillover effect to lending in other currencies. However, when equity capital is limited, global banks must benchmark domestic... View Details
Keywords: Global Banks; Monetary Policy Transmission; Cross-border Lending; Banks and Banking; Financial Markets; Global Range
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Bräuning, Falk, and Victoria Ivashina. "Monetary Policy and Global Banking." Journal of Finance 75, no. 6 (December 2020): 3055–3095.
  • 2015
  • Working Paper

Banks' Risk Exposures

By: Juliane Begenau, Monika Piazzesi and Martin Schneider
This paper studies U.S. banks' exposure to interest rate and credit risk. We exploit the factor structure in interest rates to represent many bank positions in terms of simple factor portfolios. This approach delivers time varying measures of exposure that are... View Details
Keywords: Risk and Uncertainty; Interest Rates; Credit; Banks and Banking; United States
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Begenau, Juliane, Monika Piazzesi, and Martin Schneider. "Banks' Risk Exposures." NBER Working Paper Series, No. 21334, July 2015.
  • April 2009
  • Article

Drawing Links Between Corporate Governance and Networks: Bankers in the Corporate Networks of Brazil, Mexico, and The United States Circa 1910

By: Aldo Musacchio
Keywords: Corporate Governance; Networks; Banks and Banking; Business History; Brazil; Mexico
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Musacchio, Aldo. "Drawing Links Between Corporate Governance and Networks: Bankers in the Corporate Networks of Brazil, Mexico, and The United States Circa 1910." Entreprises D'Amerique Latine Entreprises et histoire 54, no. 1 (April 2009): 16–36.
  • July 1998 (Revised April 2001)
  • Case

Bank of Ireland (BOI): Internet Strategy

Conor O'Toole, Internet business executive, must consider how to take the Bank of Ireland on-line. The bank, and Ireland, and most of continental Europe, lagedlagged behind the United States in adopting Internet techologytechnology. O'Toole wondered how he should... View Details
Keywords: Organizational Change and Adaptation; Leading Change; Internet; Banks and Banking; Banking Industry; Republic of Ireland
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Sviokla, John J., and Michael Quinn. "Bank of Ireland (BOI): Internet Strategy." Harvard Business School Case 399-012, July 1998. (Revised April 2001.)
  • Fast Answer

Industry Classification Benchmarks

How do I find the ICB for a company?   The Industry Classification Benchmark system is a classification system for industry activities widely used by institutional investors. Use Bloomberg to locate the Industry... View Details

    Gordon M. Binder

    Binder led Amgen to become the first commercially successful and largest independent biotechnology company in the world employing over 6,000 individuals and generating in excess of $3 billion in revenue. In 1999, Binder was named Chairman of the Biotechnology Industry... View Details
    Keywords: Healthcare
    • 15 May 2012
    • News

    Finally Finding the Right Fit

    learning experiences that are immersive, field-based, and action-oriented. “I’ve been lucky enough to attend institutions that have opened my eyes to the benefits of education,” says Heffernan. “I think it’s important to give back to... View Details
    Keywords: fashion; apparel; Apparel Manufacturing; Manufacturing

      Lorimer D. Milton

      Under Milton’s leadership, Citizens Trust grew to become one of the top five black-owned financial service institutions in the United States by 1940. It was the first black-owned bank to become a member of the Federal Reserve and Federal... View Details
      Keywords: Finance
      • 25 Aug 2022
      • News

      Harnessing the Tools of the Digital Age

      digitalization and data science and artificial intelligence are deployed as management and business tools,” Lakhani explains. And that means HBS needs to think differently, too. Enter the Digital, Data, and Design Institute at Harvard... View Details
      Keywords: April White
      • Web

      Workshops & Technical Talks - Research Computing Services

      Training Training Workshops & Technical Talks 13ms See below for trainings, reference materials, and resources at Harvard and beyond. R R workshop materials (e.g., Intro to R; R Regression models) from Harvard's Institute for Quantitative... View Details

        Dorothy Shaver

        Joining the firm in 1924, Shaver instituted a number of highly successful changes before becoming the head of L&T. Among her best ideas were the founding of the Lord & Taylor Design Awards and the creation of a special department... View Details
        Keywords: Retail

          Norton W. Simon

          Capitalizing on his talents at restructuring, Simon gained control of Hunt Foods by force, accumulating shares in the company with proceeds earned from selling his previous enterprise, Val Vita Foods, to Hunt in 1942. At Hunt, Simon View Details
          Keywords: Food & Tobacco
          • 17 Mar 2023
          • News

          Dean Datar Meets with Alumni in New York

          offered insights into work that is underway on the role of business in society, digital innovation, and reimagining learning. "I don't think there is another institution other than business and free enterprise that has done more good for... View Details
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