Now Baird called the drop quote excessive and upgraded Zions from a neutral to an outperform today saying the panic selling provides a great buying opportunity. Joining us now the analyst behind that call David George covers US banks at Baird. Uh David why are you confident that uh the worst hopefully or may be behind Zions.>> Well good afternoon Brian. I think from my perspective, it's important. Questions like these I think require a lot of context.And again, as you said, Zion yesterday lost over a billio ...

That was the CEO of Huntington Bank. He joined us last hour. A number of the regional bank stocks are bouncing back this morning.This after a lot of credit concerns, certainly heightened concerns yesterday put pressure on the group. Leslie Picker's following all of the moves. He joins us now.A bit of a rebound today, Leslie. >> Yeah, definitely rebound today, David. Uh thanks in large part to a slew of thirdarter reports that we saw this morning.They really assuaged concerns about some of these credit quali ...

Financial System Risk - Potential fraud cases are emerging with troubling frequency, raising concerns about contagion within the financial system [1] Market Sentiment - Fear within the financial system has been significant this week due to the potential fraud cases [1]

Fraudulent Spending & Misappropriation - Millions of dollars worth of fraudulent spending in California's homelessness fund were exposed [1] - At least $220 万 (2.2M) was diverted to pay for personal expenses [1] - Two criminal cases relate to real estate developers involved in misappropriating millions of state funds [2] Lack of Oversight - California state officials failed to provide meaningful oversight over the individuals who received most of these funds [1] Project Failure - The state agency paid $2600 万 (26M) for a fraudulent project where the developer did not complete construction [1]

Regional banks came under renewed scrutiny after Zions Bancorp said it would take a large loss and revealed accusations of fraud against a set of borrowers who had ties to other lenders in the industry https://t.co/kFRLZDeOjD ...

Josh Wander, the co-founder of Miami investment firm 777 Partners, was charged with conspiracy and fraud for allegedly cheating lenders and investors in the firm out of almost $500 million https://t.co/FLZoMJVBZV ...

Crooks impersonating party officials promise safety for cash https://t.co/GSdU7zFk01 ...

UK Aims to Repay Chinese Victims of $7 Billion Bitcoin Fraud► https://t.co/zRsxPen6w5 https://t.co/zRsxPen6w5 ...

UK prosecutors seek to seize $6.8 billion in Bitcoin linked to a major China fraud and plan to compensate defrauded investors https://t.co/bQLIU9c4LT ...

Two MIT educated brothers are facing serious charges for allegedly pulling off a major crypto crime. Federal prosecutors say Anton and James Pere Bueno carried out a crypto heist in a matter of seconds. They accused the brothers of stealing $25 million worth of Ethereum crypto in what's being called a firstofits-kind fraud case.They're both facing charges related to conspiracy, wire fraud, and money laundering. And they could face a maximum of 20 years behind bars for each of those counts. NBC News has reac ...