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Universal Business Model and Bank Misconduct

Carmela D'Avino & Maria Tselika

European Financial Management2026https://doi.org/10.1111/eufm.70061article
AJG 3ABDC A
Weight
0.50

Abstract

Repeated episodes of bank misconduct can threaten financial stability and increase the risk of systemic crises, yet evidence on their drivers remains limited. This paper investigates whether the shift from traditional retail banking towards a universal, fee‐based business model in the United States is associated with greater misconduct. Using a panel of more than 70 US banks, we find that universal banking is positively related to the likelihood of misconduct. These results support structural banking reforms aimed at reducing the complexity of financial conglomerates' business models.

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https://doi.org/https://doi.org/10.1111/eufm.70061

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@article{carmela2026,
  title        = {{Universal Business Model and Bank Misconduct}},
  author       = {Carmela D'Avino & Maria Tselika},
  journal      = {European Financial Management},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1111/eufm.70061},
}

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Universal Business Model and Bank Misconduct

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.