17h ago
The US financial system would function 10x better if we had 1/100th the number of banks in the country
There are more individual bank companies than KFC franchise locations in this country, it’s insane for managing systemic risk
1d ago
REGIONAL BANKS HIT BY BAD LOANS.
Shares of Zions Bancorporation ( $ZION) fell up to 6.4% after a $50M charge-off tied to a loan from California Bank & Trust. Western Alliance Bancorporation ( $WAL) dropped 11% over a collateral issue with a borrower and exposure to the collapse of First Brands Group. The bank said its 2025 outlook remains unchanged.
Losses from bad loans have been rising, following recent write-downs by JPMorgan Chase & Co. and Fifth Third Bancorp after Tricolor Holdings’ bankruptcy.
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