Bank stocks see 'bloodbath' amid fraud-linked credit fears

Key insight: Regional bank stocks were punished in the markets on Thursday as investors got skittish over credit quality.Supporting data: The KBW Nasdaq Regional Banking Index fell some 7% by the late afternoon.What's at stake: Regional banks have been on the path of recovery after turbulence throughout 2022 and 2023.Regional bank stocks were pummeled on Thursday due to credit quality concerns spurred by several regional lenders' latest disclosures about alleged borrower fraud. The KBW Nasdaq Regional Bank ...