05:54 AM EDT, 10/17/2025 (MT Newswires) -- Shares of Western Alliance Bancorp ( WAL ) and Zions Bancorporation (ZION) were still down in premarket activity Friday, after previous-day declines that followed their respective updates on bad loans.

Western Alliance said it has initiated a lawsuit against Cantor Group V in August for alleged fraud related to a note finance revolving credit facility. The company alleged that Cantor failed to "provide collateral loans in first position, among other claims."

Meanwhile, Zions Bancorporation has flagged a $50 million charge-off, which will be reflected in Q3 earnings, related to "apparent misrepresentations and contractual defaults" of two of its borrowers and their obligators.

Western Alliance shares were down more than 1% and Zions Bancorporation stock was about 1% in recent pre-bell activity Friday.