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JAN 25, 2010 8:31pm ET

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4Q Results

Zions Reports Losses for Quarter, Year

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Zions Bancorp., still struggling with its commercial real estate portfolio, lost $182M in the 4Q and $1.2B for the year but reported improvements in credit quality ...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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