Tricolor collapse sparks concern about health of US subprime auto sector
Texas lender’s rapid failure leaves trail of losses and questions in a fast-growing Wall Street market
Texas lender’s rapid failure leaves trail of losses and questions in a fast-growing Wall Street market

Loans trade at distressed levels after ‘chaotic’ selling as investors brace for tricky restructuring

Justice department says subprime auto lender defrauded its lenders before its collapse this year

Tricolor Holdings fell into bankruptcy with more than $1bn of liabilities

Car parts maker’s rapid downfall has raised concerns of widespread losses on Wall Street

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

Company considers bankruptcy as its finances worsen