Moody’s Downgrades 11 Regional Banks, Including Zions, U.S. Bank, Western Alliance

Moody’s Investors Service downgraded 11 regional lenders Friday, suggesting higher interest rates and recent bank failures have ushered in greater instability.

The downgrades hit lenders including U.S. Bancorp , with some $682 billion in assets, Zions Bancorp , with $89 billion, and Bank of Hawaii Corp. , with $24 billion.