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Home » Tricolor collapse sends Fifth Third on a hunt for bad collateral

Tricolor collapse sends Fifth Third on a hunt for bad collateral

Fifth Third could face $200M in Tricolor losses

Bloomberg NewsbyBloomberg News
October 17, 2025
in Risk Management
Reading Time: 2 mins read
0
A Fifth Third Bank branch in Royal Oak, Michigan, US, on Thursday, April 13, 2023. Fifth Third Bancorp is scheduled to release earnings figures on April 20. Photographer: Emily Elconin/Bloomberg

Photographer: Emily Elconin/Bloomberg

Tricolor Holdings’ chaotic collapse and potential double-pledging of autos to creditors sent Fifth Third Bancorp executives on a “house-to-house” search through its loan collateral for other discrepancies. They did find more — two, to be exact, out of 120,000 vehicles. “We’re tracking those two exceptions down,” Greg Schroeck, the bank’s chief credit officer, said during […]

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