Before revision:  We study US commercial bank balance sheet data and design a bi-partite banking network composed of (i) banks and (ii) bank assets . We propose a cascading failure model to simulate the crisis spreading process in a bi-partite banking network.
After revision:  We study US commercial bank balance sheet data and design a bi-partite banking network model composed of banks and bank assets and propose a cascading failure model to simulate the crisis spreading process in a bi-partite banking network.