- The negative sentiment stems from earlier declines in regional bank stocks in the US, triggered by news of the need for write-offs of loans granted to customers accused of fraud, including a $50 million write-off by Zions Bank Corp.
- The negative sentiment stems from earlier declines in regional bank stocks in the US, triggered by news of the need for write-offs of loans granted to customers accused of fraud, including a $50 million write-off by Zions Bank Corp.
Friday's session on European stock exchanges is marked by significant declines. Negative sentiment reached the Old Continent after Thursday's declines in regional bank shares in the United States. The series of sell-offs was triggered by announcements from several major institutions about the need to write off loans granted to customers accused of fraud.
Investors' attention was particularly drawn to Zions Bank Corp, which announced a write-off of $50 million, deepening concerns about the health of the regional lending sector. Markets still remember the high-profile collapse of Silicon Valley Bank, and combined with the recent collapse of First Brands and the disclosure of systemic risks in the financial sector, investors have begun to re-evaluate previously unrecognized risks.
The wave of anxiety first swept through Asian markets and then reached Europe, where most major indices are down today. Analysts point out that the current movements are corrective in nature, but at the same time emphasize that the continuing uncertainty surrounding US regional banks may continue to weigh on global stock markets for some time.
At present, the sell-off on the European market has reached 1.5% on the main indices. The DAX and FTSE MIB are performing the worst, which indicates the particular sensitivity of the local banking system. The situation is slightly better in the UK and Switzerland, where declines are limited to 1%.
Markets are struggling with a significant wave of declines at Friday's opening. European banks are, of course, performing the worst. Source: xStation
Cockroach fears cause stock market sell off, as we wait for clearer details
Chart of the day - EURUSD (17.10.2025)
BREAKING: Final inflation reading matches expectations. Core HICP inflation marginally higher
Zions Bancorporation Shares Under Pressure After Loan Write-Down!
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
