US benchmark indices on Wall Street ended lower on Thursday, adding to an already volatile week as a bad loan crisis at some regional banks brought back fears of March 2023.

The Dow Jones ended the session 300 points down, while the S&P 500 and the Nasdaq declined by 0.6% and 0.5% respectively.

Shares of Zions Bancorp and Western Alliance Bancorp fell up to 13% on Thursday. The former fell after it declared a $50 million charge during the quarter for a loan underwritten by its subsidiary, while Western Alliance tanked after initiating a fraud lawsuit against one of its borrowers.

Concerns over the quality of credit in the US has increased after two companies, auto parts supplier First Brands, and car dealership Tricolor recently filed for bankruptcy. JPMorgan, which had exposure to Firs

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