The British bank said it reviewed its entire credit book for financial weakness and other red flags after getting hit by the ...
About $100m is locked in collection accounts for securitizations and warehouse loans of Tricolor, the US subprime car finance ...
Q3 2025 Management View Drake Mills, Chairman, President & CEO, addressed the Tricolor charge-off, stating, "Our decision to ...
Bank of America's Chief Financial Officer Alastair Borthwick said the lender's syndicated loans to First Brands are ...
When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold ...
An initial review of bankrupt subprime auto lender Tricolor Holdings’ records shows that at least 29,000 loans pledged to creditors were tied to vehicles already securing other debts.
The bank’s CEO Jamie Dimon called the misstep, in connection to the bankrupt subprime auto lender, “not our finest moment.” ...
Did a political blessing from the feds encourage a lack of due diligence by lenders to the failed subprime auto lender?
The recent collapses of U.S. car parts maker First Brands and auto dealership Tricolor may be a warning of much bigger ...
JPMorgan Chase CEO Jamie Dimon offered a warning Tuesday when discussing the losses his bank took from the fall of subprime ...
Tricolor's collapse led to $170 million in charge-offs for JPMorgan Chase during the third quarter, but the [bankruptcy of ...
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