... November 2008 and thus after the end of the sample period. While both banks recorded profits for the first half of 2008 and gave a positive outlook for the remainder of the year, they publicly acknowledged ... August 2007, i.e. after the bailout of Sachsen LB and thus the beginning of the financial crisis, and zero otherwise. Finally, εi,b,t is an error term. The key variables of interest are the ... parentheses, the number of observations is reported in brackets. The DD estimate is in bold. The acceptance rates of both types of banks before the start of the financial crisis in August...