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Stock Market & Financial Investment News

News Breaks
March 24, 2014
14:03 EDTZIONFitch doesn't believe Zions' rating will be impacted by submission of new plan
Fitch Ratings says Zions Bancorporation recently failed the Dodd-Frank Act Stress Tests, DFAST, conducted by the Federal Reserve. In the severely adverse stress test scenario, ZION's ending Tier 1 common equity ratio was 3.6%, well below the 5.0% threshold for passing the test set by regulators. ZION plans to submit a new capital plan soon that will include actions including reduction of risk or increases in capital that brings the company's overall ratios inline or higher than stress test minimums. Fitch added, "Fitch does not believe that ZION's ratings, currently 'BBB-/F3' will be impacted by this development, but it is possible that the Rating Outlook could be revised to Stable from Positive largely predicated on management's response to this development."
News For ZION From The Last 14 Days
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November 26, 2014
12:29 EDTZIONZions Bancorp management to meet with SunTrust
Meeting to be held in Atlanta on December 3 hosted by SunTrust.
November 17, 2014
09:19 EDTZIONZions Bancorp management to meet with JPMorgan
Meetings to be held in Los Angeles/Pasadena on November 18 hosted by JPMorgan.

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