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Marketplace Morning Report

Regional bank jitters

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 17 October 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

Global stocks took a hit today. There was red across the board from New York to Japan as investors have started to worry about the health of regional banks in the U.S., and the recent bankruptcies of an auto lender and car parts manufacturer. We'll learn the latest. Also, the U.S. Chamber of Commerce is suing to block the Trump administration's planned visa charges, and fewer international travelers are opting to come to the States.

Transcript

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0:00.0

There is some anxiety over regional banks from Marketplace. I'm Sabri Beneshore in for David Brancaccio.

0:09.1

Global stocks took a hit today. There was read across the board from New York to Japan for a little while there as investors have started to worry about the health of regional banks in the U.S.

0:19.8

And the recent bankruptcies of an auto lender

0:22.3

and car parts manufacturer. Marketplace's Nancy Marshall-Genzor fills in the details for us.

0:27.7

Investors worry machines cranked up after two regional banks, Zion's Bank and Western

0:32.9

Alliance Bank, disclosed alleged fraud by some borrowers. Their losses were relatively low, but their

0:39.3

disclosure comes on top of the bankruptcies of the subprime auto lender tri-color holdings and the

0:45.2

auto parts supplier first brands. Bank stocks plunged yesterday, including shares in Zion's

0:51.3

Western Alliance and the Investment Bank, Jeffries. It had deep ties to first brands.

0:56.8

Traders are wondering if there are systemic problems in the credit markets. The big banks say

1:01.8

these are isolated issues and not to worry. Although J.P. Morgan Chase's CEO, Jamie Diamond,

1:07.2

is on the lookout for more trouble. He says, quote, when you see one cockroach, there are probably

1:12.0

more. Some investors are fleeing to safe havens like gold and U.S. Treasury bonds. I'm Nancy Marshall

1:18.9

Genser for Marketplace. The U.S. Chamber of Commerce is suing to block the Trump administration's

1:25.8

plans to charge $100,000 for visas for foreign skilled

1:30.2

workers. H-1B visas allow U.S. employers to hire skilled workers from outside the U.S. on a

1:35.7

temporary basis. But the chamber called the new fee unlawful because, it says, it overrides provisions

1:42.7

of the Immigration and Nationality Act that governed

1:45.4

the H-1B program, including the requirement that fees be based on the costs incurred by the

1:51.8

government in processing visas. The BBC's North America technology correspondent, Lili Jemali,

1:57.6

has more. The Chamber of Commerce represents millions of American companies, and we knew that within the

2:03.7

tech industry, there was quite a bit of consternation about this move.

...

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