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KKR scoops up auto loan portfolio as regional banks shed assets

Synovus Bank agreed to sell the $373 million portfolio in July

byBloomberg News

August 9, 2023

in Capital & Funding

Reading Time: 2 mins read

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A customer looks over General Motors Co. Chevrolet vehicles displayed for sale at a car dealership in Grove City, Ohio, U.S., on Saturday, Aug. 15, 2020. Sport-utility vehicles and trucks are dominating U.S. auto sales like never before as carmakers start to recover from the biggest shock to their industry in decades.

Private credit firms build cash hoards to gain share of $5.2 trillion consumer debt market

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KKR scoops up auto loan portfolio as regional banks shed assets

Synovus Bank agreed to sell the $373 million portfolio in July

NY judge pauses CFPB case against Credit Acceptance Corp.

Private credit firms build cash hoards to gain share of $5.2 trillion consumer debt market

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