Tricolor’s busted money machine has Wall Street rethinking risks
When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold cars, ...
Tag: bonds
Tricolor bond prices drop following Chapter 7 filing
Tricolor’s bond prices plummeted in the days following the subprime lender’s Chapter 7 bankruptcy filing, with little recovery since then ...
Credit unions are packaging more auto loans into bonds as rates rise
Four years ago, a credit union sold a bond backed by auto loans for the first time. This year, more ...
Europe’s carmakers are competing with retail banks for deposits
Some of Europe’s biggest carmakers are looking more and more like retail banks. Renault, Volkswagen and BMW are among those ...
McLaren raises $150 million from shareholders with cash low
McLaren Group Ltd. has turned to its shareholders once again to keep the company afloat as the British luxury carmaker ...
Ford raising $8 billion of junk bonds after virus spurs loss
Ford Motor Co. is taking its first drive through the high-yield market in years, looking to shore up liquidity after ...
Stocks rebound on stimulus hopes, Biden’s surge: Markets wrap
Stocks rebounded as investors digested a surprise in the U.S. presidential primary and weighed the potential for more of a concerted effort ...
Aston Martin is shopping for expensive junk
The maker of Aston Martin sports cars is considering raising cash from an expensive corner of the bond market. The ...
