REUTERS.COM
Plunge

US bank stocks plunge as investors grow uneasy about mounting risks

SUMMARY

U.S. bank stocks declined significantly on Thursday due to rising investor concerns. Zions Bancorporation's shares fell 12% after revealing a $50 million loss tied to two loans. Western Alliance's stock dropped nearly 11% following its announcement of a lawsuit against Cantor Group V, LLC for fraud. These declines reflect growing unease about risks in the banking sector linked to recent auto bankruptcies.


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