Tricolor's Subprime Auto Loan Mess: Banks Face Big Losses
Update: 2025-09-10
Description
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?
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