Regional Banks Crash As More Credit “Cockroaches” Emerge Just when the market was starting to finally freak out – with a one month delay – about the Tricolor and First Brands bankruptcy following yesterday’s fingerpointing session between JPM’s Jamie Dimon and various private credit firms in which both accused each other of harboring more credit “cockroaches”, this morning the credit freak out went to 11 as two regional US banks crashed after they both disclosed problems with loans involving allegations of fraud, adding to concern that more cockroaches are indeed emerging in borrowers’ creditworthiness. Shares of Zions Bancorp plunged 10%… — Continue at ZeroHedge News : Read More
