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 after hours: IBM, Tesla, Moderna and more

October 22, 2025

Check out the companies making headlines in after-hours trading. Southwest Airlines — Shares of the airline gained 2% on the back of a surprise quarterly profit . Southwest also said that demand and fares are both improving. The company reported adjusted earnings of 11 cents per share, while analysts polled by LSEG had expected a […]

Finance

The biggest crypto wipeout was led not by bitcoin, but much smaller tokens. Here’s what happened

October 22, 2025

Chesnot | Getty Images The crypto industry recently had one of its worst days ever. And while bitcoin and ether holders seem to have put some of the carnage behind them, traders of many lesser-known tokens are still feeling a lot of pain. More than 1.6 million traders suffered a combined $19.37 billion erasure of […]

Finance

Stocks making the biggest moves midday: Winnebago, Texas Instruments, Netflix, Beyond Meat & more

October 22, 2025

Check out the companies making the biggest moves midday: Vicor — The maker of modular power components soared 25% after third-quarter earnings per share more than doubled the Wall Street consensus. Travel + Leisure — Shares rose nearly 12% after the travel publication reported strong results for the fiscal third quarter. The company earned $1.80 […]