Regional Bank Stocks Drop As Investors Worry About Credit Quality
Business Insiderยท2025-10-16 19:46Regional bank shares were slammed on Thursday as investors fled the sector after two major players gave concerning updates on their lending businesses. Zions Bancorp fell as much as 13% to $46.85 after disclosing a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, San Diego-based California Bank & Trust.Western Alliance Bancorp plunged 11% to $69.87 after it revealed it was suing a borrower for fraud. The turmoil weighed on the broader sector, with the SPDR S&P Regional Bank ...