Why Wall Street is fearful of more lending blow-ups
“I PROBABLY SHOULDN’T say this, but when you see one cockroach, there are probably more.” Jamie Dimon, boss of JPMorgan Chase, America’s biggest bank, offered a warning on October 14th that the recent blow-ups of Tricolor, an auto lender, and First Brands, a car-parts-maker, might not be the last problems faced by America’s credit market.
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