U.S. regional bank stocks plummet as Zions' credit issues trigger sell-off

Zhitong
2025.10.16 20:50

The stock prices of regional banks in the United States plummeted on Thursday as credit concerns intensified, after Zions Bancorp announced it would set aside $60 million for loan provisions and write off $50 million in bad debts. The KBW Regional Banking Index fell 6.3%, marking its largest decline since April. At the time of Zions' announcement of the write-off, several banks and other lending institutions filed legal lawsuits regarding two commercial and industrial loans. Western Alliance Bancorp stated on Thursday that it had filed a lawsuit against a borrower in August, accusing them of fraud. Western Alliance Bancorp's stock price dropped 11%, while Zions fell 13%

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