Survival of the Biggest: Large Banks & Financial Crises

"We show that a country’s largest banks (i.e., the top-5 by assets) typically gain market share in crises, as small banks fail more often or are absorbed, making the largest banks even more dominant after crises. This is despite the fact that the largest banks tend to take more risk before crises, suffer greater equity losses in crises, and contract their lending more."

https://www.nobsbitcoin.com/survival-of-the-biggest-large-banks-financial-crises/