
Zions Q3 Earnings Surpass Estimates Despite Loan Challenges
Zion's Bank reported third-quarter earnings that exceeded Wall Street expectations, indicating strong financial performance.
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Zion's Bank reported third-quarter earnings that exceeded Wall Street expectations, indicating strong financial performance.

Zions Bancorporation's valuation plummeted by $1 billion after revealing $60 million in loans that were secretly subordinated, leading to a lawsuit alleging a scheme to strip collateral and enrich borrowers, which triggered broader concerns about regional bank lending health and impacted the US stock market.