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JPMorgan Faces $170 Million Loss from Tricolor Bankruptcy

1 min read
Source: Bloomberg.com
JPMorgan Faces $170 Million Loss from Tricolor Bankruptcy
Photo: Bloomberg.com
TL;DR

JPMorgan Chase CEO Jamie Dimon warned of potential further issues following the collapse of Tricolor Holdings, which caused a $170 million charge-off and highlighted concerns about fraud and risk management in the financial sector, suggesting more problems may be lurking.

Topics:business#auto-lender-collapse#business#financial-fraud#jpmorgan#risk-management#tricolor-holdings
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  1. Tricolor Contributed $170 Million Charge-Off to JPMorgan’s Costs  Bloomberg.com
  2. Jamie Dimon says auto company bankruptcies reveal 'early signs' of excess in corporate lending  CNBC
  3. Bank results live: JPMorgan takes $170mn hit from collapse of Tricolor  Financial Times
  4. JPMorgan CEO says its exposure to collapsed auto dealer Tricolor "not our finest moment"  Reuters
  5. JPMorgan discloses a $170 million loss partly for Tricolor bankruptcy and it continues to study it  MarketWatch

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