Concerns About Bad Loans Rocked Bank Stocks on Thursday—How Many More 'Cockroaches' Are Out There?
Regional bank stocks tumbled on Thursday after Zions Bancorp said it would write off fraudulent loans made to two borrowers, adding to investors’ fears about bank lending standards and stress in credit markets.
Regional bank stocks tumbled on Thursday after Zions Bancorp said it would write off fraudulent loans made to two borrowers, adding to investors’ fears about bank lending standards and stress in credit markets.
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