Regional Bank Stocks Tumble Over Concerns About Bad Loans

Key Takeaways Zions reported a $50M charge-off tied to troubled commercial loans at its California Bank & Trust unit.Western Alliance disclosed a fraud lawsuit and exposure to bankrupt auto-related borrowers.Revelations from ZION, WAL and others deepened market worries about regional banks' loan quality.Yesterday, U.S. stock indices declined sharply after regional banks Zions Bancorporation (ZION) and Western Alliance Bancorporation (WAL) disclosed loan losses and fraud allegations. Zions and Western Allian ...