The credit market is filled with "thunder," and the "shadow" of the American banking crisis reappears

Recently, the turmoil among U.S. regional banks has resurfaced. Zions Bancorp and Western Alliance Bancorp disclosed that they encountered fraud while providing loans to funds investing in troubled commercial mortgages. As a result, the stock prices of both banks plummeted, and the U.S. banking sector collectively declined. Coupled with the recent bankruptcies of auto parts manufacturer First Brands and subprime auto lender Tricolor, the overall health of the U.S. credit market has become a focal point for the market. There are concerns that these related risk events may only be the "tip of the iceberg." In particular, the 2023 Silicon Valley Bank crisis is still fresh in memory, making investors highly sensitive to the vulnerabilities of U.S. regional banks. Analysts believe that while this incident is different from the Silicon Valley Bank crisis, it serves as a warning for the market to pay more attention to potential risks in the U.S. banking industry