Banking Turmoil: Hidden Risks in Non-Bank Loans?

Regional bank stocks plummeted after Zions Bancorp took a $50 million hit on loans to allegedly fraudulent borrowers, sparking fears about risky lending practices with non-bank financial institutions. With recent bankruptcies exposing hundreds of millions in losses and raising concerns about hidden risks, are banks facing a new wave of instability due to their increasing exposure to less regulated entities?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.