Zions takes $50 million loan loss as another credit ‘cockroach’ appears. Regional-bank stocks are falling.
Zions Bancorp Socked with $50M Loan Loss Amid Fraud Scandal – Regional Bank Stocks Tumble as Credit ‘Cockroach’ Bites Hard In a gut-punch to the financial sector that’s rattling investors coast to coast, Zions Bancorp has revealed a whopping $50 million loan loss tied to alleged fraud, sending shockwaves through regional banks and amplifying fears … Read more