US bank stocks steady but credit concerns persist
17/10/2025 15:59
Updates at market open ** Shares of U.S. banks mixed after falling sharply premarket ** Citigroup C.N up 0.3%, Bank of America BAC.N up 1.2%; Morgan Stanley MS.N, JPMorgan JPM.N down 0.2% and 0.5%, respectively ** U.S. banks and broader markets sold off sharply on Thursday amid concerns about bad loans for regional banks ** Zions Bancorporation ZION.O up 5% following 13% plunge in previous session after lender discloses a $50 million loss on two commercial loans from California division ** Western Alliance WAL.N up 2.6% after falling 10.8% a day earlier; bank said initiated a lawsuit alleging fraud by Cantor Group V, LLC ** Bankruptcies of auto parts supplier First Brands, car dealership Tricolor spotlight banks' risk controls in opaque credit market, where complex loans have made it harder to gauge exposure ** The KBW Regional Banking index .KRX up 1.2% after Thursday's 6.3% drop (Reporting by Joel Jose and Sruthi Shankar in Bengaluru) ((mailto: joeljose@thomsonreuters.com))