Tricolor's Subprime Auto Loan Mess: Banks Face Big Losses

Subprime Auto Lender Scandal: Major Banks Face Huge Losses! JPMorgan, Fifth Third, and Barclays are reeling from potential fraud at Tricolor Holdings, a subprime auto lender accused of double-pledging collateral. Fifth Third alone expects a $200M hit, and Tricolor's collapse could tighten car loan access for vulnerable borrowers. Is this just the tip of the iceberg for the asset-backed securities market? Hosted on Acast. See acast.com/privacy for more information.