LEADER 04051nam 22005655 450 001 9910767513003321 005 20251008162026.0 010 $a3-031-43872-8 024 7 $a10.1007/978-3-031-43872-1 035 $a(CKB)29276845400041 035 $a(DE-He213)978-3-031-43872-1 035 $a(EXLCZ)9929276845400041 100 $a20231129d2023 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aHow to Value a Bank $eFrom Licensing to Resolution /$fby Alessandro Santoni, Federico Salerno 205 $a1st ed. 2023. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2023. 215 $a1 online resource (XVI, 115 p. 15 illus., 4 illus. in color.) 225 1 $aSpringer Texts in Business and Economics,$x2192-4341 311 08$a3-031-43871-X 327 $aChapter 1. Introduction -- Chapter 2. Main Features of the Banking Business Model -- Chapter 3. Valuing a Bank in Going Concern -- Chapter 4. Banks M&a: Strategy and Valuation -- Chapter 5. Valuation in Resolution -- Chapter 6. Valuation in Liquidation -- Chapter 7. Loan Valuation -- Chapter 8. Financial Assets Valuation -- Chapter 9. Solvent Wind Down. 330 $aThis book gives an overview of the most common techniques used by analysts and experts to assess and value banks in all phases of a Bank?s life, from licensing to resolution. These include licensing procedures, going concern market valuation techniques, liquidation, and resolution methodologies. The author sheds light on financial institutions? reporting and financial statements and explains how to interpret the data. Special attention is given to the different valuation approaches for financial institutions ranging from the basic PE and PBV methodologies to the more sophisticated ones such Discount cash flow (DCF), Dividend discount model (DDM), excess return models (EVA), and their variant, the warranted equity value (WEV) method. The authors also illustrate how to build a sum-of-the-parts model (SOTP) and how to treat capital in the process as well as developing a bottom-up approach for the cost of equity. The book provides numerous real-world examples which will hopefully help practitioners build their own MS Excel models. Furthermore, this publication investigates some of the critical aspects of banking M&A and its valuation implications. This book also takes a deep dive into valuation for Banks in gone concern status, describing the basis for three different types of valuation of Banks in resolution: to inform a decision on whether to put a bank into resolution; to inform the choice of resolution tools and the extent of any bail-in of liabilities; and to determine whether any creditors would have been better off had the bank gone into insolvency. Special attention is given to the valuation of non-performing loans (NPLs) and financial assets focusing on some operational aspects of winding-down a bank?s loan and trading book portfolio. 410 0$aSpringer Texts in Business and Economics,$x2192-4341 606 $aCapital market 606 $aFinancial statements 606 $aConsolidation and merger of corporations 606 $aFinancial risk management 606 $aCapital Markets 606 $aFinancial Reporting 606 $aMergers and Acquisitions 606 $aRisk Management 615 0$aCapital market. 615 0$aFinancial statements. 615 0$aConsolidation and merger of corporations. 615 0$aFinancial risk management. 615 14$aCapital Markets. 615 24$aFinancial Reporting. 615 24$aMergers and Acquisitions. 615 24$aRisk Management. 676 $a332.0415 700 $aSantoni$b Alessandro$4aut$4http://id.loc.gov/vocabulary/relators/aut$01023741 702 $aSalerno$b Federico$4aut$4http://id.loc.gov/vocabulary/relators/aut 906 $aBOOK 912 $a9910767513003321 996 $aHow to Value a Bank$94457039 997 $aUNINA