Zions Bancorporation: The Devil Made Me Do It

By Peter Atwater, President and CEO of Financial Insyghts and Minyanville Contributor Yesterday, Zions Bancorporation (NASDAQ: ZION ) reported that it will take a "pro forma" $629 pre-tax charge as a result of the Volcker Rule. Under the rule, CDOs that it holds have become disallowed investments. The charge