NEW YORK (AP) — Wall Street is concerned about the health of the nation’s regional banks, after a few of them wrote off bad loans to commercial customers in the last two weeks. Zions Bank, Western Alliance Bank, and Jefferies disclosed bad investments, causing their stocks to fall sharply this week. On Tuesday, JPMorgan Chase CEO Jamie Dimon warned that more problems might arise. The KBW Bank Index, which tracks banks, is down 7% this month. Data from the Federal Reserve shows banks have tapped into overnight facilities for cash, a move not seen since the COVID-19 pandemic.
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