Concerns About Bad Loans Rocked Bank Stocks on Thursday—How Many More 'Cockroaches' Are Out There?
1. ZIONS plans a $50 million write-off due to borrower fraud. 2. Shares dropped 13%, impacting regional bank stocks significantly. 3. Investors fear more credit-related losses across the banking sector. 4. Recent bankruptcies highlight concerns about lending standards and risk. 5. Credit quality risks with non-bank financial institutions are increasing.