JPMorgan and Fifth Third face losses tied to collapsed subprime car lender
Tricolor Holdings fell into bankruptcy with more than $1bn of liabilities
Tricolor Holdings fell into bankruptcy with more than $1bn of liabilities

Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies

Texas lender’s rapid failure leaves trail of losses and questions in a fast-growing Wall Street market

Lawsuit shows bank flagged ‘serious material weaknesses’ at the Texas auto lender in early 2024

Bank denies earning undisclosed fees on financing provided to auto parts supplier through ‘side letter’

Investment fund owned by bank provided off-balance sheet financing to collapsed car parts supplier