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US bank stocks plunge as investors grow uneasy about mounting risks
  • World News

US bank stocks plunge as investors grow uneasy about mounting risks

Cs news5 months ago07 mins

By Manya Saini, Arasu Kannagi Basil and Ateev Bhandari (Reuters) -U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss…

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US regional bank stocks hit by Zions charge-off, fraud allegations
  • Finance

US regional bank stocks hit by Zions charge-off, fraud allegations

Cs news5 months ago5 months ago06 mins

By Manya Saini, Arasu Kannagi Basil and Ateev Bhandari (Reuters) -U.S. regional bank stocks fell on Thursday after Zions Bancorporation disclosed it would take a $50 million loss in the third quarter on two commercial and industrial (C&I) loans from its California division. The disclosure added to growing investor unease about hidden credit stress as…

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