REGIONAL BANKS HIT BY BAD LOANS.
Shares of Zions Bancorporation ( $Zions Bancorp(ZION.US)) fell up to 6.4% after a $50M charge-off tied to a loan from California Bank & Trust. Western Alliance Bancorporation ( $Western Alliance Bancorp(WAL.US)) dropped 11% over a collateral issue with a borrower and exposure to the collapse of First Brands Group. The bank said its 2025 outlook remains unchanged.Losses from bad loans have been rising, following recent write-downs by JPMorgan Chase & Co. and Fifth Third Bancorp after Tricolor Holdings’ bankruptcy.The copyright of this article belongs to the original author/organization.
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