Zions Jumps Most Since 2010 on Plan to Repay U.S.: Denver Mover
By Laura Marcinek -
2012-03-14T14:27:57Z
Zions Bancorporation (ZION), the Salt Lake City-based lender, jumped the most in more than two years after announcing plans to issue $600 million in senior debt to help repay $1.4 billion in U.S. government bailout funds.
Zions rose 7.7 percent to $21.03 at 10:23 a.m. in New York trading after advancing as much as 9.8 percent, the most since January 2010. Zions said yesterday the Federal Reserve didn’t object to its capital plan submitted as part of the regulator’s stress tests.
To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net
To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.