JPMorgan Faces $170 Million Loss from Tricolor Bankruptcy
TL;DR Summary
JPMorgan Chase CEO Jamie Dimon warned of potential further issues following the collapse of Tricolor Holdings, which caused a $170 million charge-off and highlighted concerns about fraud and risk management in the financial sector, suggesting more problems may be lurking.
Topics:business#auto-lender-collapse#business#financial-fraud#jpmorgan#risk-management#tricolor-holdings
- Tricolor Contributed $170 Million Charge-Off to JPMorgan’s Costs Bloomberg.com
- Jamie Dimon says auto company bankruptcies reveal 'early signs' of excess in corporate lending CNBC
- Bank results live: JPMorgan takes $170mn hit from collapse of Tricolor Financial Times
- JPMorgan CEO says its exposure to collapsed auto dealer Tricolor "not our finest moment" Reuters
- JPMorgan discloses a $170 million loss partly for Tricolor bankruptcy and it continues to study it MarketWatch
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