REGIONAL BANKS HIT BY BAD LOANS.
Shares of Zions Bancorporation ( $ZION) fell up to 6.4% after a $50M charge-off tied to a loan from California Bank & Trust. Western Alliance Bancorporation ( $WAL) dropped 11% over a collateral issue with a borrower and exposure to the collapse of First Brands Group. The bank said its 2025 outlook remains unchanged.
Losses from bad loans have been rising, following recent write-downs by JPMorgan Chase & Co. and Fifth Third Bancorp after Tricolor Holdings’ bankruptcy.
Matthew Yglesias
Maybe Argentina can front us some bailout money
*Walter Bloomberg
REGIONAL BANKS HIT BY BAD LOANS.
Shares of Zions Bancorporation ( $ZION) fell up to 6.4% after a $50M charge-off tied to a loan from California Bank & Trust. Western Alliance Bancorporation ( $WAL) dropped 11% over a collateral issue with a borrower and exposure to the collapse of First Brands Group. The bank said its 2025 outlook remains unchanged.
Losses from bad loans have been rising, following recent write-downs by JPMorgan Chase & Co. and Fifth Third Bancorp after Tricolor Holdings’ bankruptcy.
Cluseau Investments
The interesting thing about First Brands, Tricolor, and now Cantor Group V LLC (unaffiliated with Cantor Fitzgerald), is that all three credit stories were fraud.
Regional bank bears having a field day, but I think there is a large difference between credit deterioration across a portfolio of loans vs a few isolated fraud stories. The question everyone is asking, however, is are there more stories like this?
Cluseau Investments
Things getting dicey in bank land, two minutes ago $WAL put out an 8-K saying criticized assets are lower than they were at the end of Q2 and that the bad loans have a guarantee from two HNW investors
Interesting to see how the market reacts, looks like it is up 2 points in the last 30 seconds
About Walrus (WAL)
Walrus (WAL) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Walrus (WAL)?
As a decentralized currency, free from government or financial institution control, Walrus is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Walrus involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Walrus (WAL) prices and information here on OKX today.
How to buy and store WAL?
To buy and store WAL, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying WAL, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.7K new posts about Walrus, driven by 834 contributors, and total online engagement reached 145K social interactions. The sentiment score for Walrus currently stands at 83%. Compared to all cryptocurrencies, post volume for Walrus currently ranks at 2413. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Walrus.
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Posts
1,668
Contributors
834
Interactions
145,041
Sentiment
83%
Volume rank
#2413
X
Posts
1,665
Interactions
145,038
Sentiment
84%
Walrus FAQ
What is cryptocurrency?
Cryptocurrencies, such as WAL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WAL have been created as well.
Can I buy WAL on OKX?
No, currently WAL is unavailable on OKX. To stay updated on when WAL becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of WAL fluctuate?
The price of WAL fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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