According to US media reports on the 16th, the two major regional banks in the United States-TinAn Bank and Western Union BankwasLoan fraud, stock prices fell more than 10% that dayAffected by this, the U.S. Regional Banking Index fell 6.3 percent on the day, and the total market value of 74 major U.S. banks evaporated more than $100 billion.

Zion Bank disclosed on the 16th that two commercial and industrial loans of its wholly-owned subsidiary had bad debts of $60 million, and it had filed a fraud lawsuit with relevant personnel.

On the same day, Western Union Bank confirmed that it had provided credit services to the relevant borrowers and had also filed a fraud lawsuit.

US media reported that the incident further exacerbated recent market concerns about the credit risk of American banks.