Zions Bancorporation said Tuesday it sold the remainder of its holdings of collateralized debt obligations.

During the second quarter, the Salt Lake City Bank told a total of $574 million of CDOs for proceeds of$437 million, generating a realized pre-tax loss of$137 million.  Zions previously announced that it had sold$81 millionof CDOs throughJune 1; this is included in the$574 milliontotal for the quarter.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.