Regional Banks Vow ‘One-Offs’ Truly Were Blips and Not Omens

A Western Alliance branch in Phoenix. Regional banks that reported earnings this month have a unified message about their recent back-to-back credit hits from bankruptcies and alleged frauds: It’s not 2023 all over again. Most Read from Bloomberg While not dismissing the seriousness of loans that suddenly went sour and double-pledging of assets, bankers and analysts portray the incidents as one-off blips in narrow corners of the economy, not signs of broader systemic problems. “We feel comfortable with ...