Western Alliance Bancorp

The alleged ‘sweeping betrayal of trust’ that rocked Zions bank and spooked Wall Street

livenewsusa24@gmail.comOctober 18, 202506 mins

The Zion Bank main office in Salt Lake City, Utah, US, on Friday, April 7, 2023. George Frey | Bloomberg | Getty Images Zions Bancorporation lost $1 billion of its valuation in a single day on Thursday after disclosing $60 million worth of loans it had made that were unlikely to be repaid. What led…

NDFI lending crisis should you worry

livenewsusa24@gmail.comOctober 17, 202507 mins

The troubles at two regional banks that helped drive Thursday’s stock market pullback could have been idiosyncratic, but one thing is clear: Just in case, Wall Street is now on alert for systemic credit risk. Stocks fell Thursday, with the Dow Jones Industrial Average closing down by more than 300 points, thanks to worries about…