US STOCKS-Wall Street ends down; Zions sparks worries about regional banks ...Middle East

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Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already on edge over U.S.-China trade tensions. Shares of Zions Bancorporation tumbled 13% after the regional bank disclosed an unexpected loss on two loans in its California division, adding to growing investor unease about hidden credit stress as lenders navigate economic uncertainty with interest rates still relatively high. Western Alliance slumped 10.8% after it said it initiated a fraud lawsuit against one of its borrowers. Jitters about commercial lending emerged following the September collapses of U.S. auto parts supplier First Brands and car dealership Tricolor. "I think that there's some level of minimal nervousness associated with the credit markets," said Ron Albahary, chief investment officer at LNW in Philadelphia.

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US STOCKS-Wall Street ends down; Zions sparks worries about regional banks ...Middle East

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