News of bad loans and fraud disclosures by some US banks has spread panic among investors.

This panic has now reached global stock markets, and the banking sector is experiencing a major decline.

Rumors, fear, and anxiety combined to cause losses totaling millions. Zions Bancorporation reported a loss of approximately $50 million on two lending transactions. Subsequently, Zions' stock fell by approximately 12-13%. Western Alliance reported fraud proceedings, and its shares also fell by 10-11%. SPDR S&P The Regional Banking ETF (KRE), which covers US regional banks, fell 5-7%. The banking sector in Europe fell by about 3%. #marketcrash #BTC $BTC #bnb

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