NEW YORK –– Wall Street is concerned about the health of the nation's regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks and caused investors to wonder if there might be more bad news to come.
What You Need To Know
Wall Street is concerned about the health of the nation's regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks
Zions Bank, Western Alliance Bank, and Jefferies disclosed bad investments, causing their stocks to fall sharply this week
On Tuesday, JPMorgan Chase CEO Jamie Dimon warned that more problems might arise
Data from the Federal Reserve shows banks have tapped into overnight facilities for cash, a move not seen since the COVID-19 pandemic
Zions Bank, Western Alliance B