Western Alliance Bancorporation Aktie News

Zions Bancorp announced a $50 million charge-off on two troubled loans at its California Bank & Trust unit, while Western Alliance Bancorp revealed it is suing a borrower for alleged fraud. These developments rattled the regional banking sector, sending both stocks tumbling more than 10% intraday.

Dow futures plummeted by over 350 points on Friday, as investor sentiment remained fragile following renewed concerns over US regional banks and deteriorating credit quality. The futures on the Dow Jones Industrial Average slipped about 0.8%, while S&P 500 and Nasdaq 100 futures declined 1.1% and 1.3% in premarket trade.

Reports of elevated loan losses from regional banks weighed on the sector, while expectations of AI-driven growth helped lift shares of companies in the data storage and memory chip businesses.

Bank shares were hammered Thursday after ties emerged between several banks and borrowers accused of fraud.

After the First Brands failure, disclosures from Zions and Western Alliance stoked fears of bad loans across the financial industry.

Zions and Western Alliance reveal problems with bad loans as scrutiny of regional banks' lending practices increases

Regional bank stocks tumbled as fears mount around the health of their lending businesses. All but one stock in a popular regional banking ETF is tracking to end Thursday down.

PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE:WAL) today announced the launch of a new national group: the Western Alliance Private Client Group. The new group brings full-service concierge banking and mortgage products and services to high-net-worth individuals and their advisors. Based in Beverly Hills, Calif., where the Bank already has sizable operations and a large client base, the...