Zions Bancorporation lost nearly $1 billion in market value after revealing a $50 million fraud‑linked loan loss
Zions Bancorporation got hit hard on Thursday after admitting a massive $50 million fraud‑linked loss, dragging its market value down by nearly $1 billion in a single day. The bank revealed in an SEC filing that $60 million in loans were effectively unrecoverable, sparking a 13% plunge in its stock and triggering a broader selloff [...]