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Zions, Western Alliance Disclose Bad Loans Tied to Alleged Fraud

Bloomberg•Thursday, October 16, 2025 at 6:48:19 PM
NegativeFinancial Markets
Zions, Western Alliance Disclose Bad Loans Tied to Alleged Fraud
Zions Bancorp and Western Alliance Bancorp have revealed significant losses due to fraudulent loans linked to distressed commercial mortgages. Zions saw its stock plummet by 12% after announcing a $50 million charge-off related to a loan from its subsidiary, California Bank & Trust. Similarly, Western Alliance's shares dropped nearly 11% after disclosing loans to the same borrowers. This situation highlights the vulnerabilities in the banking sector and raises concerns about the integrity of lending practices, making it crucial for investors and stakeholders to stay informed.
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