00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. regional banks suffered their sharpest sell-off since Trump's April 2025 tariff shock,
00:07racing their strongest two-day rally in nearly a year, according to Benzinga.
00:11Downturn was fueled by renewed fears of credit deterioration
00:13and surprised loan losses and mid-sized lenders,
00:16following brief investor optimism over rate cuts and earnings.
00:19The SPDR-SFB regionals' banking ETF fell 6.1%,
00:23marking its worst single-day drop since Trump's April 4th Liberation Day tariffs
00:28sparked a market sell-off.
00:30Smaller and mid-sized banks led to decline,
00:32but losses spread to major Wall Street firms
00:34as the financial select sector SPDR fund fell 2.8%,
00:38its worst drop since April.
00:41Zions Bank Corporation shares plunged 12.3%
00:43after revealing a $50 million third-quarter charge-off
00:46tied to two troubled commercial loans and its California Bank and Trust Unit.
00:50J.P. Morgan CEO Jamie Dimon warned of rising credit risks
00:54after recent bankruptcies in the auto sector.
00:56For all things money, visit Benzinga.com.
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