Reported 13 days ago
On Thursday, regional bank stocks declined sharply after Zions Bancorp announced a $50 million write-off due to fraudulent loans, raising fears about lax lending standards. Following recent bankruptcies in the auto sector, investors are worried about potential credit losses across financial institutions. With bank lending to non-bank financial entities growing rapidly, the risks associated with this lending path may further strain the financial system.
Source: YAHOO