The alleged 'sweeping betrayal of trust' that rocked Zions bank and spooked Wall Street | NYGazet

Zions Bancorporation lost $1 billion of its valuation in a single day on Thursday after disclosing $60 million worth of loans it had made that were unlikely to be repaid.

Zions Bancorporation lost $1 billion of its valuation in a single day on Thursday after disclosing $60 million worth of loans it had made that were unlikely to be repaid. What led to that point was a messy, tangled web of loans that Zions said were s... [3252 chars]