Subprime Auto Lender Tricolor's Collapse Sparks Market Concerns
TL;DR Summary
The collapse of Texas-based subprime auto lender Tricolor, amid alleged fraud and rising delinquencies, highlights growing risks in the $80 billion subprime auto ABS market, raising concerns about lax lending standards and potential ripple effects on Wall Street, despite the market's smaller size compared to past crises.
Topics:business#asset-backed-securities#auto-loan-market#finance#financial-risk#subprime-auto-loans#tricolor-bankruptcy
- Subprime Auto Lender Collapse Delivers Blow to Risky Debt Market Bloomberg.com
- Debt linked to collapsed subprime auto lender Tricolor tumbles Financial Times
- Fifth Third to Incur $170-$200M Charge in Q3 on Loan Fraud Exposure Yahoo Finance
- Fifth Third borrower goes bankrupt after bank takes big loss American Banker
- Auto dealer Tricolor files for bankruptcy, moves to liquidate Reuters
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