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Zions Enters Into CDO Swap Deal With Deutsche Bank

DOW JONES NEWSWIRES Zions Bancorporation (ZION) said late Wednesday that it entered into a total-return swap and related interest-rate swaps with Deutsche Bank AG (DB) on $1.16 billion worth of bank and insurance trust preferred collateralized debt obligations. As part of the deal, Deutsche Bank will assume all of the credit risk of this CDO portfolio and pay all interest and principal due to the company. The transfer of credit risk to Deutsche Bank reduces the regulatory capital risk weighting for these investments to 20% compared to the weighted average risk-weighting of 455% on June 30, according to Zions. "As a result, the transaction is expected to reduce regulatory risk-weighted assets by approximately $4 billion, or approximately 8.4% of the estimated June 30, 2010 balance," said Zions. -Sue Chang; 415-439-6400;

Stock News for Zions Bancorporation (ZION)
12/01/201516:20:49Statement of Changes in Beneficial Ownership (4)
12/01/201516:20:49Statement of Changes in Beneficial Ownership (4)
12/01/201516:19:58Statement of Changes in Beneficial Ownership (4)
12/01/201516:19:33Statement of Changes in Beneficial Ownership (4)
12/01/201516:19:08Statement of Changes in Beneficial Ownership (4)
11/30/201517:08:24Statement of Changes in Beneficial Ownership (4)
11/24/201514:10:38Statement of Changes in Beneficial Ownership (4)
11/20/201518:40:26Statement of Changes in Beneficial Ownership (4)
11/17/201508:00:00Zions Bancorporation Announces Expiration and Successful Results...
11/09/201516:58:46Statement of Changes in Beneficial Ownership (4)
11/05/201516:10:00Fed's Tarullo Says Central Bank Is Considering 'Stress Test...
11/05/201516:09:00Grant from Amegy Bank and FHLB Dallas Helps Fund Apartments for...
11/04/201516:10:00Zions Bancorporation Names Joseph Reilly Chief Technology Strategist...
11/04/201512:16:00Zions Bank's New Practice Pathways Helps Medical Professionals...
10/30/201516:23:20Amended Tender Offer Statement by Issuer (sc To-i/a)
10/30/201513:49:00Zions Bancorporation Board Declares Dividends For Common And...
10/28/201513:30:00Zions Bancorporation To Present At The BancAnalysts Association...
10/23/201512:16:00Small Business Loans On The Rise In Idaho, Utah In 2015
10/19/201518:20:00Zions Bancorp Profit Rises
10/19/201517:00:06Tender Offer Statement by Issuer (sc To-i)

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