Tricolor interest payouts clawed back from bondholder accounts
Confusion, operational challenges ongoing amid Tricolor collapse
Some Tricolor Holdings asset-backed bond holders who received interest payments last week have seen those funds clawed back in recent days, according to people with knowledge of the matter, after the subprime auto lender’s abrupt bankruptcy upended collections on the underlying loans. At least one custodian bank that made provisional distributions to investors has since […]
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