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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; AskNewswires@dowjones.com

Stock News for Zions Bancorporation (ZION)
DateTimeHeadline
08/25/201516:39:00California Bank & Trust Voted "Best Bank" In San Diego For Fifth...
08/20/201516:36:41Statement of Changes in Beneficial Ownership (4)
08/07/201516:49:36Statement of Changes in Beneficial Ownership (4)
08/06/201515:22:06Quarterly Report (10-q)
08/05/201514:02:42Statement of Changes in Beneficial Ownership (4)
08/04/201516:22:20Statement of Changes in Beneficial Ownership (4)
08/03/201517:08:24Statement of Changes in Beneficial Ownership (4)
08/03/201517:07:58Statement of Changes in Beneficial Ownership (4)
08/03/201506:02:49Current Report Filing (8-k)
07/31/201512:05:42Statement of Changes in Beneficial Ownership (4)
07/31/201510:58:00U.S. Bancorp and Zions Bank Sign Renewable-Energy Tax-Equity...
07/28/201506:02:24Current Report Filing (8-k)
07/21/201511:27:49Statement of Changes in Beneficial Ownership (4)
07/20/201516:19:13Current Report Filing (8-k)
07/20/201516:10:00Zions Bancorporation Reports Second Quarter 2015 Results
07/16/201518:53:12Janet Yellen Supports Changes to Systemically Important Distinction
07/16/201517:43:00Zions Bancorporation Board Declares Dividends For Common And...
07/06/201510:30:00California Bank & Trust Hires Ardy Farokhirad as New Greater...
07/02/201514:34:07Statement of Changes in Beneficial Ownership (4)
07/01/201518:47:20Statement of Changes in Beneficial Ownership (4)

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