Zions seeks release from 'big bank' classification

SALT LAKE CITY — Zions Bancorporation wants to shed its federal classification as a big bank, a designation it unwillingly assumed in the wake of the Great Recession.
The Salt Lake City-based bank, which has $65 billion in assets and operates in 11 Western states, was swept into the regulatory tier of the nation's biggest banks after the Dodd-Frank Act of 2010 was enacted. It now wants to be the first bank of its size to lose the label of "systemically important," a classification that put