Regional Banks Under Pressure

10 days ago

Carol Messer along with David Guru

"Zeon's bank sank 14% after it disclosed 50 million charge off for a loan underwritten by its own subsidiary. And then Western Alliance Bankorp fell almost 11% after it said it made loans to the same borrowers. Of course, there are growing concerns about credit. The disclosures add to other recent loan blowups, and now the fact that small regional banks are seeing some impact is raising more questions."

The speakers highlight heavy losses at two regional banks, with Zeon's bank and Western Alliance Bankorp both experiencing significant percentage drops. They attribute these declines to problematic loan disclosures and overall emerging credit concerns, suggesting potential immediate risks in the regional banking sector.

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