Fraud Scandals at U.S. Banks Wipe $100 Billion, Spur Global Selloff as ‘Cockroach’ Credit Fears Mount
Fraud Shocks at Regional Lenders Ignite a Selloff This week’s drama began when Zions Bancorporation, a Utah-based regional bank, revealed a major loan fraud that blindsided investors. In an SEC filing on Oct. 15, Zions said it discovered “misrepresentations and
