The banks with most exposure to First Brands, Tricolor bankruptcies
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Auto parts manufacturer First Brands and subprime auto lender Tricolor have both filed for bankruptcy after the former has reported billions of dollars in loans "simply vanished," according to the New York Times. Market Domination host Josh Lipton breaks down the details and JPMorgan Chase & Co. (JPM) CEO Jamie Dimon's own comments on the bank's exposures to the two companies. To watch more expert insights and analysis on the latest market action, check out more Market Domination.
📄 Summary
Auto parts manufacturer First Brands and subprime auto lender Tricolor have both filed for bankruptcy after the former has reported billions of dollars in loans "simply vanished," according to the New York Times. Market Domination host Josh Lipton breaks down the details and JPMorgan Chase & Co. (JPM) CEO Jamie Dimon's own comments on the bank's exposures to the two companies. To watch more expert insights and analysis on the latest market action, check out more Market Domination.