RBC Capital Markets managing director Gerard Cassidy reacts to Jamie Dimon’s ‘cockroach’ theory about recent auto bankruptcy on ‘The Claman Countdown.’ JPMorgan Chase CEO Jamie Dimon warned this week that there could be credit risks lurking in the economy, saying that “when you see one cockroach there are probably more.” Dimon spoke on the bank’s quarterly earnings call on Tuesday and …
Read More »First Brands, Tricolor collapses raise fears of credit stress, with Dimon warning of ‘more cockroaches’ Reuters Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street The New York Times Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO The Wall Street Journal Jefferies Defends First Brands Deals, Says Losses Are Manageable Bloomberg.com This Could Be The Next Sub-Prime …
Read More »Tricolor Contributed $170 Million Charge-Off to JPMorgan’s Costs Bloomberg.comView Full Coverage on Google News Source link
Read More »From Tricolor to Saks, Bonds Are Now Crashing at Breakneck Speed Bloomberg.com Billions of Dollars ‘Vanished’: Low-Profile Bankruptcy Rings Alarms on Wall Street The New York Times Behind the Collapse of an Auto-Parts Giant: $2 Billion Hole and Mysterious CEO The Wall Street Journal Jefferies says First Brands losses can be absorbed Financial Times The Funds Most Affected by First Brands’ Bankruptcy and What …
Read More »Subprime Auto Lender Tricolor Files for Bankruptcy Bloomberg Exclusive: Tricolor Auto is filing for bankruptcy, sources say Car Dealership Guy News Tricolor Auto may file for bankruptcy, sources say Auto Finance News Tricolor Auto said to furlough employees, shutter operations Auto Finance News Tricolor Auto suspends operations, places majority of workforce on temporary leave Car Dealership Guy News Source link
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