Regulators consider Volcker exemption for smaller banks' CDOs, Bloomberg says U.S. financial regulators are trying to determine how they can let some smaller banks keep certain collateralized debt obligations that lenders said they’d have to divest under Volcker Rule trading restrictions, sources say, reports Bloomberg. The federal agencies are considering giving the banks grandfathering protection or other means to hold onto the securities and have yet to decide how to do it, sources added. Reference Link
Zions Bancorp reports Q3 EPS 40c, consensus 44c The estimated Tier 1 common equity ratio increased to 11.88% at September 30. Net loans and leases held for investment increased $110M to $39.7B. The allowance for credit losses was $690M. Tangible book value per share for Q3 was $26.00.