Big banks including JPMorgan Chase and Goldman Sachs had just finished taking victory laps after a blockbuster quarter when concerns emerged from an obscure corner of Wall Street, sending a collective shiver through global finance. Regional bank Zions late Wednesday disclosed a near total wipeout on $60 million in loans after finding “apparent misrepresentations” from…
The Club’s 10 things to watch Oct. 17, 2025 — Today’s newsletter was written by Investing Club editors Kevin Stankiewicz and Matthew J. Belvedere 1. S & P futures are flat this morning following yesterday’s sell-off on renewed credit quality concerns emanating from regional lenders Zions Bancorp and Western Alliance . It fanned the flames…
LONDON – Nov. 5, 2020: Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square. Dan Kitwood | Getty Images News | Getty Images Banking stocks across the globe sold off on Friday, as fears…
As news of sour banks loans rattled Wall Street, CNBC’s Jim Cramer said the developments will pave the way for the Federal Reserve to lower interest rates — a move that investors across the board have been hoping for. “Today got real ugly, but at least we finally have something that can make the Federal…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 16, 2025. Jeenah Moon | Reuters U.S. stock futures were hovering near the flatline on Thursday night after the previous session saw a sell-off fueled by concerns about regional banks’ loan practices. Futures tied to the Dow…
An automatic teller machine at the Zions Bank headquarters in Salt Lake City, Utah, on July 10, 2023. Kim Raff | Bloomberg | Getty Images Stock Chart IconStock chart icon ZION and KRE, 1-day The bankruptcies of two auto industry-related companies this year have raised concerns about loose lending practices, especially in the opaque private…