Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue

Key Points

Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players.
The bank’s CEO said he believes the alleged loan fraud that sparked a selloff last week is an isolated case.
The Cantor Group episode forced Western Alliance to review other loans in its note finance portfolio, CEO Kenneth Vecchione said Wednesday.

Source

Finance

Stocks making the biggest moves midday: Freeport-McMoran, Coupang, Target & more

December 26, 2025

Check out the companies making the biggest moves midday: Freeport-McMoRan — The miner rose 3.1% as gold and other metals scaled to record levels. Target — The retailer rose more than 1% after The Financial Times reported, citing sources, that hedge fund Toms Capital Investment Management made a big investment in Target. Pressure from the […]

Finance

Stocks making the biggest moves premarket: Nvidia, Micron, SanDisk & more

December 26, 2025

Check out the companies making headlines before the bell. Nvidia — The semiconductor firm’s stock rose 0.5% after it agreed to pay $20 billion to acquire assets from artificial intelligence startup Groq, marking its largest purchase ever. Micron Technology , SanDisk — The digital memory firms’ stocks were up after DigiTimes reported , citing industry […]

Finance

Stocks making the biggest moves premarket: Nike, Dynavax Technologies, UiPath & more

December 24, 2025

Check out the companies making headlines before the bell: Nike — The sportswear stock rose 2% after a filing showed that Apple CEO Tim Cook bought nearly $3 million worth of Nike shares. Dynavax Technologies — The biopharmaceutical stock surged 38% after Sanofi said it will acquire Dynavax in a deal with a total equity […]