American International Group

Regulators seek end to stricter oversight of Zions Bancorp

A panel of federal regulators is proposing lifting the strict government oversight imposed on Zions Bancorp, a big regional bank that received a taxpayer-funded bailout during the 2008 financial crisis.

The unanimous decision by the Financial Stability Oversight Council announced Wednesday is the latest example of a push, under the Trump administration, to relieve regulatory restrictions that were put into place after the financial meltdown in hopes of averting another crisis.

A final action on the Salt Lake City bank is likely within 60 days.

"The council conducted a careful analysis of Zions' business and found that there is not a significant risk that Zions...