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This paper aims to analyze stock market reactions to announcements of regulatory and law enforcement penalties imposed on banks operating in the USA.

This paper examines abnormal stock market returns around penalty announcements for banks operating in the USA from 2000 to 2022. The authors use a comprehensive data set of nearly 600 penalties to conduct their event study.

This paper finds evidence of positive and statistically significant abnormal returns on the day of the penalty announcement. However, the authors also observe negative and statistically significant abnormal returns days later, violating the semi-strong efficient market hypothesis.

By accounting for confounding events and analyzing subsamples, the authors reconcile conflicting results from prior literature that have variously shown negative, null or positive stock market reactions to penalty announcements.

The purpose of this paper is to expose librarians, scholars and other interested parties to the numerous films available concerning the 1989 and 1991 European revolutions. The films that are discussed can potentially be used as ancillary sources that will lead to a more in-depth understanding of these topics.

This paper is a literature review examining films relating to the 1989 and 1991 revolutions in Eastern Europe and the former Soviet Union. The findings are presented in the form of an annotated bibliography.

A total of 24 films from eight countries are presented in this annotated bibliography.

In researching this paper, the authors have been unable to find any similar works, which makes this work of particular value to those wanting to learn more about this period of change in Eastern Europe and the former Soviet Union.